September 11


Malaysian Ringgit opens higher against US dollar

The ringgit opened higher against the US dollar today on technical correction, dealers said.


At 9.15 am, the ringgit was quoted at 4.2910/2990 against the greenback from 4.3340/3400 on Thursday.

“Investors have been covering their short US dollar positions against the ringgit as the local note seems to be oversold,” a dealer said.

The ringgit was also traded higher against other major currencies.

It rose against the yen at 3.5513/5585 from Thursday’s 3.5857/5915 and was higher against the British pound at 6.6270/6415 from 6.6692/6797 yesterday.

It appreciated against the euro at 4.8394/8493 from 4.8519/8604 yesterday and higher against the Singapore dollar at 3.0394/0468 from 3.0594/0641 on Thursday.