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Ringgit Firmer Against US Dollar Early Friday

in Latest/Slider

KUALA LUMPUR: The ringgit opened slightly higher against the US dollar in the early session on Friday due to bargain hunting activities in the market.

At 9am, the ringgit was quoted at 4.2100/2160 to the US dollar from 4.2110/2170 at Thursday’s close.

Kenanga Research said the ringgit’s performance was due to sentiment following revised data released by Bank Negara Malaysia showing large bond sell-off by foreign investors in September.

“The central bank revised the September bond sell-off figure to RM8.4bil from the initial RM1.4bil,” it said in a note.

Meanwhile, the ringgit weakened against a basket of major currencies.

It slipped against the yen to 4.0551/0624 from 4.0522/0599 on Thursday and fell against the Singapore dollar to 3.0412/0458 from 3.0400/0461.

The ringgit was down against the euro to 4.6499/6583 from 4.6409/6480 and strengthened against the British pound at 5.1484/1570 from 5.1332/1409. – Bernama

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