The ringgit extended its five-day decline against the US dollar supported by positive sentiment from the US-China diplomatic talks on tariffs.
At 10.15am, the ringgit was at 4.3320, down 0.82% since it opened compared to 4.2970 at the close last Friday.
The local trading session closed on Monday in conjunction with the Wesak Day public holiday.
Bank Muamalat Malaysia Bhd Chief Economist Dr Mohd Afzanizam Abdul Rashid said the US Dollar Index (DXY) rose more than one percent to 101.788 points as US-China trade tensions eased.
In addition, benchmark equities were higher while US Treasury yields rose as risk-on mode prevailed.
He added that the ringgit would see range-bound trading as the US-China trade deal suggested tariff shocks could be better managed through diplomatic talks in the coming months.
The 90-day tariff moratorium agreed by the US and China to pave the way for negotiations on tariff reductions on each other's goods will yield good results for most countries including Malaysia.
Meanwhile, the local note traded higher against major currency groups.
It rose against the Japanese yen to 2.8981/9132 from 2.9565/9591 at Friday's close, rose against the euro to 4.7666/7910 from 4.8320/8359 and rose against the British pound to 5.6608/6898 from earlier.
Against its ASEAN peers, the ringgit strengthened against the Singapore dollar to 3.2902/3078 from 3.3095/3124 at Friday's close, and rose against the Indonesian rupiah to 258.6/260.0 from 260.0/260.4 previously.
The local currency rose against the Philippine peso to 7.73/7.79 from 7.74/7.76 and rose against the Thai baht to 12.8577/9348 from 13.0082/0267 previously.
