The ringgit continued its upward trend against the US dollar in Tuesday’s early session with the help of firm oil prices said a dealer.
At 9am, the ringgit was quoted at 4.1460/1510 against the greenback from 4.1510/1560 on Monday.
The Brent Crude oil price hit a one-year high after Russian President Vladimir Putin voiced his support over for a proposal to limit oil output said the dealer.
The ringgit also traded higher against a basket of major currencies.
The ringgit rose against the yen to 3.9881/9948 from 4.0215/0267 on Tuesday and also improved against the Singapore dollar to 3.0109/0147 from 3.0209/0258.
Against the euro, ringgit improved to 4.6153/6213 from 4.6358/6418 and firmed against the British pound to 5.1137/1223 from yesterday’s close of 5.1535/1613.