Malaysia: Ringgit higher against US$ early Tuesday

• Apr 25, 2017

KUALA LUMPUR: The ringgit opened higher against the US dollar today as the greenback eased against the major currencies on the back of optimism on the euro following the first round result of French election.

At 9.13 am(0113gmt) Tuesday, the ringgit stood at 4.3890/3920 against the greenback from 4.3980/3000 registered at 6pm on Friday. (Monday was a holiday in Malaysia)

A dealer said investors” sentiment towards the ringgit also improved as the interest shifted away from the greenback

Meanwhile, the ringgit was traded mixed against most major currencies.

The local note fell against the Singapore dollar to 3.1485/1525 from 3.1466/1485 on Friday and was higher against the yen at 3.9936/9982 from 4.0286/0315 previously .

The ringgit strengthened against the British pound to 5.6083/6139 from 5.6259/6298 on Friday. It, however, slipped against the euro to 4.7651/7702 from 4.7076/7111 previously. – Bernama

Source: http://www.thestar.com.my/business/business-news/2017/04/25/ringgit-higher-against-us$-early-tuesday/#YdsZK82tYmzxsbuS.99