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Ringgit opens higher against US dollar

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Kuala Lumpur
– The ringgit rebounded to kick off the week higher against the US dollar, due partly to re-emerging tensions over the possibility of another missile test by North Korea.

At 9.15am, the local unit was quoted at 4.2290/2340 against the greenback, from Friday’s 4.2360/2390.

The local note, however, traded mostly lower against other major currencies today.

It strengthened against the Singapore dollar to 3.0984/1025 from Friday’s 3.0999/0039, but weakened against the yen to 3.7561/7615 from 3.7500/7533 last week. It depreciated against the euro to 4.9644/9720 from 4.9574/9626 on Friday, and sank against the British pound to 5.5345/5415 from 5.5326/5378 previously. – Bernama