Ringgit opens higher against US dollar


KUALA LUMPUR: The ringgit extended yesterday’s positive trend to open higher against the US dollar today as most investors shifted their interest towards emerging currencies, including the ringgit, a dealer said.

At 9.15 am, the local unit was quoted at 4.2590/2640 against the greenback from Monday’s close of 4.2620/2650.

Against a basket of major currencies, the ringgit traded mixed.

It strengthened against the Singapore dollar to 3.0831/0890 from 3.0880/0913 yesterday but depreciated to 5.5005/5078 against the British pound from 5.5001/5057 on Monday.

The local unit weakened against the yen to 3.8697/8746 from 3.8560/8590 yesterday but rose against the euro to 4.7978/805 from 4.8007/8045 previously.