The ringgit opened slightly higher against the US dollar on Friday, as the greenback reacted to the prospect of a lower US Federal Reserve interest rate hike.
The US Dollar Index (DXY) fell to 99.303 points.
At 10.20am, the ringgit was at 4.3740, slightly lower against the US dollar from its close of 4.3695 at Thursday's close.
Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the ringgit should remain positive against the US dollar following the decline in DXY for now.
Benchmarks for US equities were higher while US Treasury yields fell as the high potential for aggressive interest rate cuts became stronger as higher import tariffs could hurt the US economy.
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Meanwhile, the ringgit strengthened against major currency groups.
It rose against the Japanese yen to 3.0528/0708 from 3.0670/0710 at Thursday's close, rose against the British pound to 5.8121/8461 from 5.8127/8201, and fell against the euro to 4.9599/9889 from 4.9738/9801.
Against regional currencies, the ringgit also traded higher.
It strengthened against the Singapore dollar to 3.3233/3432 from 3.3307/3354, and strengthened against the Thai baht to 13.0510/1398 from 13.0632/0874.
The local currency also rose against the Philippine peso to 7.71/7.76 from 7.72/7.74 and appreciated against the Indonesian rupiah to 258.4/260.1 from 258.9/259.4.
