KUALA LUMPUR, Oct 10 — The ringgit opened almost flat against the US dollar today on lack of fresh buying interest, said a dealer.

At 9.10am, the local note was at 4.1950/1990 against the greenback from yesterday’s close of 4.1955/1985.

Axi Trader Asia-Pacific market strategist Stephen Innes said the market is back on the yuan watch as local traders lowered their expectations ahead of resumptions of the US-China trade talks this week.

“However, the ringgit’s psychologically important 4.20 level is coming back into focus if the yuan tumult holds,” he said.

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At the opening, the ringgit traded higher against other major currencies.

It rose against the Singapore dollar to 3.0366/0397 from 3.0404/0437 on Wednesday and advanced against the Japanese yen to 3.9078/9126 from 3.9082/9114 yesterday.

Vis-a-vis the euro, the local unit strengthened to 4.6061/6109 from 4.6067/6116 while against the British pound, it improved to 5.1221/1274 from 5.1311/1364 yesterday. — Bernama

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