KUALA LUMPUR, Sept 26 — The ringgit slipped to 4.1305 against the US dollar today as profit-taking emerged after its recent gains, according to an economist.

At 8 am, the ringgit traded at 4.1305/1375, down from yesterday's close of 4.1275/1310. Dr. Mohd Afzanizam Abdul Rashid, chief economist at Bank Muamalat Malaysia Bhd, noted that the currency had been overbought and traders were cashing out.

Investors are also monitoring China's economy, where recent measures aim to lower borrowing costs and stimulate growth, which could positively impact the ringgit given China's significance as a trading partner.

Despite the dip against the dollar, the ringgit showed strength against several major currencies, rising against the Japanese yen to 2.8573/8625, the British pound to 5.5022/5116, and the euro to 4.5985/6063. 

Regionally, it advanced against the Singapore dollar and the Thai baht but weakened against the Philippine peso and opened slightly lower against the Indonesian rupiah.