#Robust demand and positive external factors. #Ringgit opened higher.

Malaysia: The ringgit opened higher against the US dollar this morning thanks to robust demand and positive external factors.

At 9am, the local unit was at 4.1130/1170 against the greenback, from 4.1155/1185 last Friday.

Against a basket of other major currencies, the ringgit was traded mostly higher.

The local currency increased against the Singapore dollar to 3.0539/0578 from 3.0553/0584 last Friday, and gained vis-a-vis the yen to 3.6858/6901 from 3.6927/6964 previously.

It rose against the British pound to 5.4781/4851 from 5.4839/4895 on Friday, but weakened against the euro to 4.9002/9062 from 4.8835/8887 previously.

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