KUALA LUMPUR: The ringgit strengthened against the US dollar at opening today on renewed buying interest for the local currency in line with the better equity market.
At 9 am, the local unit was quoted at 4.0930/0980 against the US dollar from yesterdayâ€™s close of 4.0970/0030.
Dealers attributed the rise to a technical correction after a slight decline yesterday.
â€œThe Federal Reserveâ€™s decision to keep the US interest rates unchanged also lifted the local note to trade higher,â€ another dealer said.
The ringgit was traded mixed against other major currencies.
It slipped against the Singapore dollar to 3.0368/0410 from Thursdayâ€™s close of 3.0312/0377 and rose against the yen to 3.9067/9129 from 3.9330/9403.
The local unit was down against the British pound to 5.8436/8536 from 5.8038/8135 but improved against the euro to 4.6124/6197 from 4.6128/6212. – Bernama