COVID–19 NEWS   UMNO will not push for snap GE if COVID stuation not good, says Tajuddin | Govt not planning to enforce nationwide MCO, proceeds with targeted MCO | KL police mounting roadblocks at nine locations | Premises listed under 'HIDE' not COVID-19 clusters - Khairy | Worried over family's safety, student remains in campus to celebrate Aidilfitri | 
MARKET

Ringgit opens slightly higher against US dollar

22/04/2021 10:53 AM

KUALA LUMPUR, April 22  -- The ringgit opened marginally higher against the US dollar this morning but remained in a relatively tight trading range due to weak oil prices, which were offset by better risk sentiment and a slightly weaker US dollar.

At 9am, the local unit stood at 4.1140/1180 versus the greenback from Wednesday's close of  4.1190/1230.

Axi chief global markets strategist Stephen Innes said the weak US dollar was in line with the soft US Treasury yields, which helped the ringgit.

At the opening bell, the ringgit was traded mixed against other major currencies.

The ringgit appreciated against the British pound to 5.7341/7401 from 5.7390/7462 and went up against the yen to 3.8082/8126 from 3.8107/8155 yesterday.   

However, the local unit fell against the Singapore dollar to 3.0977/1016 from 3.0958/0995, and declined against the euro to 4.9520/9572 from 4.9453/9509.  

-- BERNAMA

© 2021 BERNAMA   • Disclaimer   • Privacy Policy   • Security Policy