Ringgit opens higher against most major currencies

 Publish date: Thu, 13 Aug 2020, 10:02 AM

KUALA LUMPUR: The ringgit traded higher against the US dollar at the opening today supported by the firmer crude oil price, which has risen above the US$45 level.
At 9am, the local unit was traded at 4.1830/1890 against the greenback, from Wednesday's close of 4.1900/1950.
Brent crude was trading 0.31 per cent easier at US$45.29 per barrel this morning.
Meanwhile, the ringgit was traded mostly higher against a basket of major currencies.
It appreciated against the British pound to 5.4634/4729 from 5.4675/4745 on Wednesday, and was marginally higher against the Singapore dollar at 3.0504/0552 from 3.0506/0547.
Vis-a-vis the yen, the local note rose to 3.9203/9271 from 3.9232/9290, while against the euro, it dropped to 4.9405/9480 from 4.9300/9375 yesterday.
 - Bernama


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