KUALA LUMPUR: The ringgit regained its strength against the US dollar at the opening today after experiencing a technical correction yesterday, said an analyst. 

At 8.03 am, the local currency traded higher at 4.1235/1320 versus Thursday's close of  4.1430/1485.

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said yesterday's ringgit correction was due to an overbought position, which led traders to pocket some gains. 

https://www.nst.com.my/business/economy/2024/09/1111386/ringgit-regains-strength-412-against-us-dollar