Ringgit stronger against US dollar

Ringgit stronger against US dollar

The local unit stood at 4.2840/2880 against the greenback from 4.2860/2890 on Wednesday.

ringgit-dollar
KUALA LUMPUR: The ringgit opened higher against the US dollar today on mild buying, dealers said.

At 9am, the local unit stood at 4.2840/2880 against the greenback from 4.2860/2890 on Wednesday.

A dealer said market sentiment was lifted by better economic data from the Department of Statistics which showed that inflation in May rose 3.3% year-on-year as compared to 4.4% in April.

The ringgit, however, was traded mixed against a basket of major currencies.

It appreciated against the Singapore dollar to 3.0838/0878 from Wednesday’s close of 3.0843/0869 and strengthened against the yen to 3.8532/8582 from 3.8574/8608 yesterday.

The local unit eased against the British pound to 5.4283/4342 from 5.4085/4131 yesterday and edged down against the euro to 4.7818/7871 from 4.7759/7809 on Wednesday.

 

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