Ringgit opens higher against the US dollar | Money
KUALA LUMPUR, October 11 – The ringgit opened higher against the US dollar today amid renewed interest in buyers.
At 9:04 am, the local rating rose to 4.1630 / 1680 against the greenback since Friday’s close at 4.1750 / 1800.
Kenanga Research said the announcement of the reopening of more social and economic sectors, coupled with the weak non-farm payroll report in the United States, could boost the local score to strengthen to near the 4,170 level. against the greenback.
“However, moving closer to the end of the week, the ringgit could trade in the 4.175-4.185 range due to the strong talk of the US dollar amid Sino-Taiwanese tensions, the Evergrande debt crisis and global inflation concerns, âhe said in his weekly. outlook for the ringgit today.
On opening, the ringgit was trading mostly higher against a basket of major currencies.
It appreciated against the Japanese yen at 3.7064 / 7108 against 3.7320 / 7368 on Friday, improved against the euro at 4.8183 / 8240 against 4.8292 / 8350 and appreciated against the British pound at 5.6779 / 6847 against 5.6880 / 6948 previously.
However, the local rating was down against the Singapore dollar to 3.0773 / 0812 from Friday’s close of 3.0771 / 0810. – Bernama