KUALA LUMPUR: The ringgit has shown continued strength against the greenback at the opening, as prospects of US rate cuts loom, an analyst reported.

At 8 am today, the ringgit traded slightly higher at 4.4200/4300 against the US dollar, compared to Monday's close of 4.4240/4305.

So far this year, the ringgit has made impressive gains, appreciating 4.1 per cent against the US dollar, Bank Muamalat Malaysia Bhd Chief Economist Dr Mohd Afzanizam Abdul Rashid told Bernama.