Ringgit opens higher against US dollar

ringgit-dollarKUALA LUMPUR: The ringgit extended last week’s gains to open higher against the US dollar today, prompted by continued buying support in the emerging currencies, including the local note, a dealer said.

At 9.10 am, the local unit was quoted at 4.2670/2710 against the greenback from Friday’s close of 4.2790/2820.

Against a basket of major currencies, the ringgit traded mostly lower.

It weakened slightly against the Singapore dollar to 3.0878/0918 from 3.0873/0901 on Friday and depreciated against the yen to 3.8622/8669 from 3.8380/8417.

The local unit strengthened against the British pound to 5.4899/4968 from 5.5062/5105 last week but went down against the euro to 4.8102/8151 from 4.8015/8053.