Ringgit higher against US dollar this morning

: The ringgit rebounded from last week downtrend to opened higher against the this morning amid an improved and the softer greenback.

At 9 am, the ringgit stood at 4.0860/0930 against the greenback from 4.0890/0930 at last Friday’s close.

At press time, the international benchmark crude up 0.09% to US$65.80 per barrel while the US West Texas Intermediate (WTI) crude oil was 0.18% firmer at US$56.17 per barrel.

A dealer said the US dollar came under pressure last Friday following a weaker-than-expected payrolls data that sparked fresh concern over slower .

Against other major currencies, the ringgit was traded mixed.

It rose against the dollar to 3.0051/0107 from 3.0064/0104 recorded on last Friday and strengthened versus the British pound to 5.2995/3090 from 5.3509/3577.

The local unit, however, depreciated against the Japanese yen to 3.6844/6917 from 3.6798/6847 and contracted vis-a-vis the euro to 4.5878/5960 from 4.5842/6895. — Bernama

Source: The Sun Daily

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