Ringgit opens marginally higher against US Dollar

ringgit-dollarKUALA LUMPUR: The ringgit opened marginally higher against the US dollar this morning, lifted by continued buying support for the local unit, a dealer said.

At 9 am, the local unit stood at 4.2835/2865 against the greenback compared with Wednesday’s close of 4.2840/2870.

Players were positioning themselves for key market events tomorrow and the release of US employment data report.

“Domestically, players may want to check out June’s external trade statistics, also due to be released tomorrow,” he said.

Against other currencies, the ringgit was higher, except versus the euro.

The local unit rose against the Singapore dollar to 3.1459/1493 from 3.1507/1541 on Wednesday and strengthened marginally against the yen to 3.8663/8701 from 3.8668/8705.

It firmed against the British pound to 5.6611/6663 from 5.6660/6717 on Wednesday but weakened against the euro to 5.0738/0778 from Wednesday’s 5.0710/0754.