Ringgit opens higher against US dollar

The ringgit extended yesterday's positive trend to open higher against the US dollar today as most investors shifted their interest towards emerging currencies, including the ringgit, a dealer said.

At 9.15 am, the local unit was quoted at 4.2590/2640 against the greenback from Monday's close of 4.2620/2650.

Against a basket of major currencies, the ringgit traded mixed.

It strengthened against the Singapore dollar to 3.0831/0890 from 3.0880/0913 yesterday but depreciated to 5.5005/5078 against the British pound from 5.5001/5057 on Monday.

The local unit weakened against the yen to 3.8697/8746 from 3.8560/8590 yesterday but rose against the euro to 4.7978/805 from 4.8007/8045 previously.

-- BERNAMA