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Ringgit Opens Higher Against US Dollar

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KUALA LUMPUR: The ringgit opened higher for the fourth consecutive day this week against the US dollar, spurred by persistent buying of the local unit, dealers said.

At 9.02 am, the local unit was quoted at 4.1380/1450 per US dollar versus 4.1600/1700 at 5pm on Wednesday.

The ringgit was traded mixed against other emerging currencies.

It traded better against the Singapore dollar at 2.9625/9681 from 2.9647/9733 on Wednesday and rose against the euro to 4.4959/5048 from 4.5186/5311.

It however, depreciated against the British pound to 5.8218/8341 from 5.8007/8163 and weakened against the yen to 6397/6462 from 3.6367/6464 yesterday.

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