Ringgit opens broadly higher against US dollar

The ringgit opened broadly higher against the US dollar and other major currencies today on renewed demand for the domestic currency, a dealer said.

At 9.20 am, the local unit firmed up against the US dollar to 4.2050/2090 from Friday's 4.2215/2265.

The local currency rose against the Singapore dollar to 3.0074/0107 from 3.0197/0254 on Friday and strengthened against the yen to 3.4126/4161 from 3.4369/4421.

The ringgit unit was also traded higher against the British pound at 6.3508/3573 from 6.3762/3858, and gained against the euro to 4.5687/5743 from 4.5879/4951 Friday.