Ringgit strengthened against the Singapore dollar & appreciated against the yen; Local unit also increased against the British pound & rose against the euro.

Malaysia: The ringgit rebounded to open marginally higher against the US dollar today on renewed interest in emerging currencies.

At 9.30am, the local note was quoted at 3.9100/9150 versus the greenback from 3.9170/9200 on Friday.

The ringgit also traded higher against a basket of other major currencies.

It strengthened against the Singapore dollar to 2.9617/9666 from Friday’s 2.9607/9639, and appreciated against the yen to 3.6600/6657 from 3.6642/6677.

The local unit also increased against the British pound to 5.4638/4716 from 5.4705/4762, and rose against the euro to 4.8054/8123 from 4.8203/8255 on Friday.

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