Ringgit opens higher against USD

Jan 24, 2017

Ringgit - USD

The ringgit was higher against the US dollar on Tuesday on easier sentiment on the greenback, said a dealer.

The dealer said investor sentiment on the US dollar had dampened on the back of protectionism policy proposed by President Donald Trump.

At 9.07 am, the local unit was traded at 4.4330/4370 against the greenback’s close at 4.4360/4400 Monday.

However, the ringgit was traded lower against a basket of major currencies.

It depreciated against the Singapore dollar to 3.1260/1310 from the 3.1224/1259 on Monday and declined against the yen to 3.9244/9283 from 3.9039/9078 previously.

The local note fell against the British pound to 5.5506/5569 from 5.5219/5287 and weakened against the euro to 4.7659/7707 from 4.7572/7632. – Bernama