KUALA LUMPUR: The ringgit jumped against the US dollar today as its winning streak continued for the fourth consecutive day after the US Federal Reserve (Fed) signalled a more dovish monetary stance going forward.

At 6 pm, the local note bounced to 4.4160/4200 versus the greenback compared with yesterday’s closing rate of 4.4530/4580.

Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said should the US dollar fall through the present support level of RM4.4099, the next defensive line is seen at RM4.3297.