The ringgit opened higher and maintained its upward trend against the US dollar even as it also maintained its safe-haven appeal with the US Dollar Index (DXY) up 0.23%.
At 10.10am, the ringgit was at 4.3220, up against the US dollar from its close of 4.3245 on Wednesday.
Bank Muamalat Malaysia Bhd Chief Economist Dr Mohd Afzanizam Abdul Rashid said there seemed to be some hope that the US economy would weather the tariff storm better.
He added that the Fed may step up its efforts to avert a recession by cutting interest rates.
Profit-taking could take place given the recent rise in the ringgit.
Accordingly, the dollar-ringgit rate could range between RM4.32 to RM4.34 today.
In the early session, the ringgit was mostly traded lower against a basket of major currencies.
It fell against the Japanese yen to 3.0373/0473 from 3.0301/0341 at yesterday's close and weakened against the British pound to 5.7931/8119 from 5.7927/8000 previously.
However, it rose against the euro to 4.9202/9362 from 4.9217/9280.
Meanwhile, the ringgit performed better against its ASEAN peers.
It was marginally higher against the Singapore dollar to 3.3025/3137 from 3.3027/3074 at Tuesday's close and strengthened against the Thai baht to 12.9033/9587 from 12.9399/9629.
The local currency also strengthened against the Philippine peso to 7.69/7.72 from 7.70/7.72 on Tuesday and rose slightly against the Indonesian rupiah to 257.6/258.6 from 257.9/258.4.
