Ringgit opens higher against US dollar

June 18, 2012 By Leave a Comment

KUALA LUMPUR: The ringgit was traded higher against the US dollar in the early session Monday, spurred by renewed buying interest for Asian currencies, including the ringgit, dealers said.

At 9.20 am, the ringgit was quoted at 3.1430/1460 vis-a-vis 3.1645/1675 Friday.

They said sentiments were boosted by Greece’s election results that suggested that the country would remain in the eurozone for now, which have prompted investors to pick up higher-risk currencies.

Meanwhile, the ringgit saw little change against the Singapore dollar at 2.4791/4819 from 2.4837/4865 Friday and emerged stronger against the yen at 3.9654/9717 from 4.0087/0130 last week.

The domestic currency saw little change against the British pound to 4.9383/9443 from 4.9145/9207 Friday but advanced against the euro to 3.9951/9998 from 3.9980/9031 last week. Bernama

Source by: Business Times

Picture courtesy of: freemalaysiatoday

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