The ringgit rebounded positively by opening higher against the US dollar at the opening of the week as the market awaited key events this week.
At 10.10am, the ringgit was at 4.3730 which is up 0.05% against the US dollar since it opened at the beginning of trading on Monday.
Bank Muamalat Malaysia Bhd's chief economist, Dr Mohd Afzanizam Abdul Rashid, said the ringgit was likely to trade permanently as the market prepared for a busy week.
He also said that investors' attention is now turning to the US presidential election that will take place on November 5.
Also, disappointment over October labor market data that was much lower than expected, indicated that the US Fed may cut rates by 25 basis points at the next meeting.
However, the ringgit is mixed against a group of major currencies.
It rose against the euro to 4.7511/7641 from 4.7532/7592 but edged lower against the British pound at 5.6605/6760 from Friday's close of 5.6502/6573 and fell against the Japanese yen to 2.8693/8776 from 2.8652/8690.
It is also traded mostly higher than its peers in the Asean region.
The ringgit rose slightly against the Indonesian rupiah at 277.7/278.6 from 278.2/278.7, rose against the Philippine peso to 7.48/7.51 from Friday's close of 7.49/7.51, and strengthened against the Thai baht to 12.8897/12.9377 from 12.9103/9322.
However, it eased against the Singapore dollar to 3.3056/3149 from 3.3054/3098
