At 9am, the local note rose to 4.1505/1535 against the greenback from 4.1530/1555 at Monday’s close.

ActivTrades trader Dyogenes Rodrigues Diniz said the US dollar remained stuck within small lateralisation, but noted the possibility of a major bullish movement for the currency.

He said the main point of interest is the resistance level of 4.1650 on Oct 20, adding that a break above that level could push to 4.1930 in a matter of days.

“The strong economic data from the US failed to lift the dollar, and the tone adopted by US Federal Reserve (Fed) chairman Jay Powell has changed slightly but remains conciliatory overall, reassuring the market about US monetary policy.

“The market’s main fear is that the changes in terms of monetary policy would be abrupt, but the Fed has done a good job in signalling its future intentions, therefore the US dollar-ringgit remains without a defined direction,” he said.

At the opening, the ringgit was traded lower against a basket of major currencies.

The local note eased vis-a-vis the British pound to 5.6268/6309 from 5.5991/6024 at Monday’s close and fell slightly against the Singapore dollar to 3.0792/0842 from 3.0765/0786.

It also depreciated against the euro to 4.8067/8102 from 4.8000/8029 and declined against the Japanese yen to 3.6662/6688 from 3.6606/6628 previously.