Ringgit opens slightly higher against USD

KUALA LUMPUR: The ringgit opened marginally higher against the US dollar today as concerns rise over an upward trend in Covid-19 cases in the United States.

At 9am, the ringgit was quoted at 4.2800/2850 compared with 4.2840/2900 last Friday.

In a note, Kenanga Research said news of dwindling Covid-19 cases in Malaysia and optimism over the oil market are also supporting positive sentiment for the ringgit.

Meanwhile, the ringgit was traded mixed against other benchmark currencies.

Versus the Japanese yen, the local note improved to 3.9740/9798 from 3.9855/9918 recorded last Friday, but remained unchanged against the Singapore dollar at 3.0718/0765 from 3.0718/0766.

The ringgit fell against the British pound to 5.3406/3473 from 5.3332/3423, and declined against the Euro to 4.8206/8275 from 4.8101/8185 previously. – Bernama

Source: NST