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FOREX: Ringgit Rebounds To Open Higher Against US Dollar

in Latest/Slider

KUALA LUMPUR:The ringgit rebounded to open higher against the US dollar, after yesterday’s losses, on renewed buying interest for emerging currencies, including the ringgit, dealers said.

At 9.05 am, the local note stood at 3.9100/9160 against the US dollar from 3.9200/9330 on Tuesday.

Against other major currencies, the ringgit was traded mostly higher.

The ringgit strengthened against the Singapore dollar to 2.8982/9038 from Tuesday’s 2.8994/9077 and appreciated against the yen to 3.5165/5235 from 3.5360/5463 yesterday.

It advanced against the euro to 4.4195/4278 from 4.4261/4389 but weakened against the British pound to 5.7020/7119 from 5.7017/7276 on Tuesday.


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