Ringgit opens higher against US dollar

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Kuala Lumpur
– The ringgit opened higher against the US dollar today as concern over the re-emerged possibility of US interest rate increase shifted investors’ interests towards emerging currencies, including the ringgit, dealers said.

At 9.15am, the local unit was quoted at 4.2100/2150 against the US dollar from yesterday’s 4.2200/2250.

The ringgit, however, was mostly lower against other major currencies.

It eased against the Singapore dollar to 3.1091/1137 from Wednesday’s 3.1080/1128 but appreciated against the yen to 3.7456/7503 from 3.7598/7653 yesterday.

The local unit declined against the euro to 4.9947/5.0019 from 4.9817/9885 yesterday and weakened against the British pound at 5.5761/5849 from 5.5645/5728 yesterday. – Bernama