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Ringgit strengthens against US dollar to open higher

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Ringgit strengthens against US dollar to open higher Empty Ringgit strengthens against US dollar to open higher

Post by Cals Thu 17 Oct 2013, 10:05

Ringgit strengthens against US dollar to open higher
Business & Markets 2013
Written by Bernama   
Thursday, 17 October 2013 09:39
KUALA LUMPUR (Oct 17): The ringgit strengthened against the US dollar to open higher this morning on optimism that the US will clinch a deal that would avoid a debt payment default, dealers said.
The ringgit was quoted at 3.1585/1605 against the greenback from Wednesday's 3.1715/1745.
A dealer said regional currencies, which also strengthened, may continue to display a potential duality, either responding to dollar's vulnerability or heightened risk aversion.
Meanwhile, the ringgit was traded higher against other major currencies.
The domestic currency rose against the Singapore dollar to 2.5423/5443 from 2.5501/5535 on Wednesday and appreciated against the yen to 3.1969/1992 from 3.2231/2264 yesterday.
The local unit was up against the British pound at 5.0413/0457 from 5.0826/0890 yesterday and firmed against the euro to 4.2757/2796 from 4.2917/2961 on Wednesday.
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