Monday, February 15, 2016
Ringgit opens higher against US dollar early Monday
At 9am, the ringgit was traded at 4.1545/1605 from 4.1650/1750 on last Friday.
A dealer said sentiment in the global foreign exchange and equity markets was positive after the United Arab Emirates raised hopes of a coordinated oil production cut, sending prices to a better level, with a 12 per cent jump seen last Friday.
The ringgit also traded higher against other major currencies.
It rose against the Singapore dollar to 2.9722/9780 from the 2.9831/9918 registered on Friday, and strengthened versus the yen to 3.6642/6711 from 3.6979/6081.
The local unit appreciated vis-a-vis the Euro to 4.6676/6747 from 4.6973/6102 and expanded against the British pound to 6.0282/0373 from 6.0422/0583.