KUALA LUMPUR: The Ringgit opened higher against US dollar yesterday morning on increased demand for the local currency and amid a better equity market. At 9am, the local unit was quoted at 4.0850/0900 against the US dollar from 4.0950/0020 at 5pm on Friday. A dealer said the US dollar retreated against other major currencies as Federal Reserve Chair Janet Yellen's statement on an interest rate hike gave no clue as to when it would be implemented. The ringgit also traded higher against a basket of other major currencies. It appreciated against the Singapore dollar to 3.0105/0164 from Monday's close of 3.0128/0182 and improved against the euro to 4.6393/6466 from 4.6507/6591. The local unit rose against the yen to 3.8057/8121 from 3.8207/8290 and gained against the British pound to 5.9049/9150 from 5.9095/9204. --BERNAMA'
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Ringgit was quoted at 4.0850/0900 against USD yesterday morning. Pix by Muhammad Asyraf Sawal
Source: http://www.nst.com.my/2016/06/150169/rm-opens-408-against-usd
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