At 9 am, the local unit rose to 4.6570/6625 versus the greenback.
Risk appetites improved after Malaysia and China’s central banks moved to stop the slide in their respective currencies, dealers said.
SPI Asset Management managing director Stephen Innes said the People's Bank of China had fixed the yuan stronger than anticipated and this had weighed on the greenback. "On another note, the Japanese Finance Minister’s statement that the Japanese yen is too weak also had traders on the lookout for US dollar selling from Japan's Ministry of Finance.
Meanwhile, ActivTrades trader, Dyogenes Rodrigues Diniz said the US dollar slipped 0.17 per cent against the ringgit yesterday and the downward movement was a natural reaction after the extensive upward movement that had been going on since April 14.
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