At 9am, the local note was trading at 4.1990/2015 versus the greenback, down from 4.1970/2000 at yesterday’s close.

According to ActiveTrades trader Dyogenes Rodrigues Diniz, the US GDP statistics and Jobless Claims due later today would likely dictate direction for the dollar.

“Should this reading come in lower than expected, it could accelerate the uptrend in the US dollar against the ringgit.

“From a technical standpoint, the US dollar to ringgit rate has just started to breach the barrier at RM4.1900, paving the path for it to go up to RM4.2400,” he added.

However, Bank Islam chief economist  Afzanizam Abdul Rashid believes the ringgit could stage a slight rebound today, as Brent crude oil prices have reverted to above US$80 per barrel.

At press time, the benchmark Brent crude oil price fell 0.12% to US$82.21 per barrel.

Meanwhile, at opening, the local note was traded higher against a basket of major currencies.

It rose against the Singapore dollar to 3.0728/0753 from 3.0734/0758 at yesterday’s close and inched up against the euro to 4.7201/7229 from 4.7258/7292.

The ringgit rose slightly versus the British pound to 5.6145/6178 from 5.6147/6188  and added vis-a-vis the Japanese yen to 3.6450/6475 from 3.6569/6598.