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Ringgit opens higher against US dollar

KUALA LUMPUR ― The ringgit continued its upward momentum against the greenback today, bucking the trend of regional peers due to Malaysia’s stable economic fundamentals.

At 9am, the ringgit was up to 4.1580/1620 against the greenback from 4.1730/1760 at Tuesday’s close.

At the opening, the ringgit traded higher against a basket of major currencies.

It appreciated against the yen to 3.8333/8381 from 3.8614/8652 at Tuesday’s close, rose versus the pound to 5.2761/2816 from 5.2851/2910 and was higher at 4.6865/6931 from 4.6930/6980 against the euro.

With Singapore dollar, the local unit was slightly higher at 3.0468/0509 to 3.0487/0520 at Tuesday’s close. 

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