KUALA LUMPUR (April 27): The ringgit opened at 4.0977 against the US dollar in morning trade as investors weighed the outlook of the US dollar ahead of the US Federal Reserve's (Fed) monetary policy decision today. At the time of writing, the ringgit was traded at 4.0998 against the US dollar after the exchange rate closed at 4.0977 yesterday. Over the last one year, the ringgit-US dollar exchange rate was between 3.9957 and 4.3733. Against other curencies today, the ringgit strengthened against the Singapore dollar at 3.0881 at the time of writing, but weakened versus the Australian dollar at 3.1902. "Dollar bears are treading a bit carefully ahead of the Fed decision," Joe Manimbo, a senior market analyst at Western Union Business Solutions was quoted as saying.

Source: The Edge Markets April 27, 2021 00:21 UTC