Malaysia: The ringgit opened higher versus the US dollar this morning on renewed demand for the local currency in tandem with the improved performance of the equity market.
At 9.01am, the local unit was quoted at 3.9800/9850 against Wednesday’s close of 3.9870/9900.
Meanwhile, the ringgit opened mixed against a basket of other major currencies.
It depreciated against the British pound to 5.2906/2989 from 5.2904/2963; and was lower against the euro at 4.6403/6469 from 4.6301/6344 on Wednesday.
The local note improved against the Singapore dollar to 2.9713/9754 versus 2.9714/9741; and gained versus the yen to 3.6608/6664 from 3.6645/6680 yesterday.
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