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The ringgit could hold its resilience and trade around 4.27 against the US dollar this year if the United States Federal Reserve refrains from sharp rate cuts.

The ringgit opened stronger against the US dollar on Monday as hopes for an upcoming United States (US) rate cut increased following the latest data that showed a weaker US labour market, an economist said.

A couple of months ago it would have been a brave call to say that OPEC+ would be able to bring back 2.5 million barrels per day of crude production and still keep oil prices anchored around US$70 a barrel.

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A battered dollar edged marginally higher on Monday after a dismal U.S. jobs report and President Donald Trump's firing of a top labour official stunned investors and led them to ramp up bets of imminent Federal Reserve rate cuts.

This year, strong growth is likely due to auto industry expansion, especially EVs, sustainability-led innovations, industrial demand, technological developments