KUALA LUMPUR, OCT 4: The Ringgit opened higher against the US Dollar today on renewed buying interests for the local currency following a strong performance on the local equity market.
At 9 am, the Ringgit was quoted at 4.1210/1270 against the greenback from 4.1320/1390 on Friday. The market was closed on Monday for Awal Muharram holiday which fell on Sunday.
A dealer said the Ringgit was strong despite the slide in global oil prices following an increase in Iranian exports and the rise of the US dollar which was boosted by a strong US economic data.
The local note was also traded higher against a basket of major currencies except the Euro. It rose against the British Pound to 5.2926/3015 from Friday’s close of 5.3596/3704, improved against the Yen to 4.0414/0481 from 4.0862/0944 last week and gained against the Singapore Dollar to 3.0149/0197 from 3.0269/0325 on Friday.
The ringgit fell against the euro to 4.6180/6264 from 4.6159/6225 on Friday.
Ringgit trading higher against US Dollar
