FOREX: Ringgit Opens Higher Against US Dollar

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KUALA LUMPUR, April 28 – The ringgit extended yesterday’s gains to open higher against the US dollar Thursday morning as demand emerged for Asian currencies, including the ringgit, dealers said. At 9 am, the local note stood at 3.8950/9030 against the US dollar from 3.9110/9180 on Wednesday.

Against other major currencies, the ringgit was also traded higher. It strengthened against the Singapore dollar to 2.8871/8952 from Wednesday’s 2.8975/9037 and appreciated against the yen to 3.4851/4939 from 3.5171/5237 previously. It advanced against the euro to 4.4037/4143 from 4.4273/4367 and went up against the British pound to 5.6587/6714 from 5.7054/7171 on Wednesday.

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