Buying momentum lifts Ringgit higher in early trade

The Ringgit opened firmer against the US dollar in early trade Wednesday, supported by continued buying momentum amid weak sentiment for the greenback.


At 9 am, the Ringgit was traded at 4.3400/3490 against the US dollar from 4.3720/3770 at 5 pm Tuesday.

The Ringgit was also higher against other major currencies.

It rose against the Singapore dollar to 3.0473/0558 from 3.0653/0699 on Tuesday, and strengthened against the yen to 3.6067/6148 from 3.6318/6375.

The local unit appreciated against the pound sterling to 6.6094/6248 from 6.6323/6408 and increased against the euro to 4.8886/8996 from 4.8993/8053 previously.