The ringgit opened little changed against the US dollar on Monday, as the US Dollar Index (DXY) snapped a four-week losing streak after recent weakness below the 100-point mark.
At 10.20am, the ringgit was at 4.3740, down 0.11% against the US dollar from its close of 4.3705 at Friday's close.
Analysts attributed the market's cautious tone to lingering uncertainty over US tariff policies.
Bank Muamalat Malaysia Bhd Chief Economist Dr Mohd Afzanizam Abdul Rashid said the ringgit was expected to remain range-bound as tariff uncertainty continued.
He added that the International Monetary Fund's warning note on the global outlook this year suggested central banks may ease monetary policy to mitigate its negative impact.
Meanwhile, the ringgit was mostly traded higher against major currency groups.
It strengthened against the Japanese yen to 3.0408/0550 from 3.0431/0481 at Friday's close and rose against the British pound to 5.8104/8369 from 5.8128/8214.
However, it weakened against the euro, falling to 4.9608/9835 from 4.9596/9670.
Meanwhile, against regional currencies, the ringgit was little changed.
It was almost flat against the Singapore dollar at 3.3224/3381, compared to 3.3228/3280 last Friday.
The ringgit was unchanged against the Thai baht at 13.0195/0900 from 13.0195/0450, barely moved against the Philippine peso at 7.77/7.81 from 7.77/7.78, and remained stable against the Indonesian rupiah at 259.6/260.9 from 259.6/260.2.
