At 9 am, the ringgit was quoted at 4.0570/0600 versus the greenback from yesterday’s close of 4.0550/0600.

“Local traders are now waiting to take their cues from both the Bank of Japan and The Federal Open Market Committee in respect of forwarding guidance as well as the US non-farm payroll (data).

“However, oil prices will remain supportive of the ringgit, while Asia’s emerging market sentiment should continue to dictate the price action,” he added.

Against other major currencies, the ringgit traded lower.

It fell against the Singapore dollar to 2.9802/9842 from 2.9761/9809 and slid against the Japanese yen to 3.6559/6593 from 3.6509/6563 recorded on Monday.

The ringgit depreciated vis-a-vis the British pound to 5.3252/3308 from 5.3202/3283 and declined against the euro to 4.7491/7530 from 4.7379/7445.