Malaysia: The ringgit opened higher
against the US dollar today on improved investor sentiment with the greenback
also retreating against regional currencies.
At 9am, the local unit was quoted at
4.2645/2685 versus the greenback from 4.2690/2720 on last Wednesday.
A dealer said the ringgit rose on
commercial demand and expectation of better data on the local economy due this
week – external trade statistics and Bank Negara's foreign reserves.
The local note was traded mostly
higher against a basket of other major currencies except the yen.
It advanced against the Singapore
dollar to 3.1444/1493 from Wednesday's close of 3.1482/1514, improved against
the pound to 5.5110/5187 from 5.5168/5220 last week and gained against the euro
to 5.0752/0804 from 5.1010/1063 previously.
Vis-a-vis the yen, the ringgit
weakened to 3.8927/8971 from 3.8837/8882 last Wednesday.
The banks open today and foreign
traders are back after the long holiday break for Merdeka Day, Hari Raya
Aidiladha.
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