At 9.06am, the local currency was traded at 4.1540/1590 versus the greenback compared with 4.1540/1590 yesterday.

AxiCorp chief global market strategist Stephen Innes said the local unit saw an uptick in long positions as traders quickly put the World Government Bond Index watchlist and political concerns on the back burner after the US dollar traded weaker overnight.

“Malaysian Government Securities in real returns continue to look attractive.

“And with the currency still playing catch-up to regional peers, it attracted some favourable attention,” he told Bernama.

However, Innes said falling oil prices could cloud today’s view, as could post-debate polling results in the US, with a strong showing for President Donald Trump expected to trigger a more robust greenback response.

Oil prices remain under pressure amid a build in gasoline inventories.

The American Petroleum Institute on Tuesday reported a climb in gasoline inventories of 1.62 million barrels for the week ended Sept 25, while crude oil inventories saw a draw of 831,000 barrels.

The ringgit was also traded mixed against other major currencies.

It appreciated against the yen to 3.9272/9340 from 3.9333/9388 at yesterday’s close and was stronger versus the British pound to 5.3379/3464 from 5.3420/3501.

The local currency was lower against the Singapore dollar to 3.0349/0395 from Tuesday’s close of 3.0323/0367 and against the euro at 4.8760/8847 from 4.8569/8640.