Ringgit higher against US dollar

Ringgit higher against US dollar

The ringgit was traded higher against the US dollar, in early trade, today on mild buying interest.

At 9.21am, the local unit traded at 3.0125/0155 against the US dollar compared with 3.0185/0215 at 5pm on Monday. Dealers said buyers showed renewed interest for Asian currencies.

Against other major currencies, the local unit appreciated against the Singapore dollar to 2.3968/4001, from 2.3979/4015, on Monday, strengthened against the British pound to 4.7808/7868, from 4.7822/7876, previously and rose against the Japanese yen to 3.6981/7036, from 3.7108/7143, yesterday.

The local unit, however, depreciated against the euro to 3.9822/9865, from 3.9804/9844, on Monday. – BERNAMA