Malaysia Ringgit opened easier, However, the local note depreciates on a bullish testing level against a basket of other major currencies.

Malaysia: The ringgit opened easier against the US dollar today as the greenback is “on a bullish testing level,” a dealer said.

At 9am, the local unit was quoted at 3.9190/9220 from 3.9150/9200 at Thursday’s close.

Meanwhile, the ringgit traded higher against a basket of other major currencies.

It rose against the Singapore dollar to 2.9508/9538 from 2.9512/9554; improved to 5.4533/4594 from 5.4567/6649 vis-a-vis the British pound; and advanced to 4.7439/7488 from 4.7669/7742 compared to the euro.

However, the local note depreciated versus the yen to 3.5855/5893 from 3.5812/5874.

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