Ringgit opens higher against US dollar

Ringgit fell by 18.6% against the US dollar in 2015

KUALA LUMPUR: The ringgit opened higher against the US dollar today as more investors gained confidence in emerging currencies including the ringgit, dealers said.

At 9.02 am, the local note stood at 3.8800/8870 against the US dollar from 3.8940/9000 on Thursday. 

Against other major currencies, the ringgit was traded mostly higher.

It went up against the Singapore dollar to 2.8897/8953 from Thursday's 2.8986/9039 but depreciated against the yen to 3.6761/6875 from 3.6012/6078 previously. 

It strengthened against the euro to 4.4088/4180 from 4.4220/4304 and advanced against the British pound to 5.6587/6714 from 5.6868/6975 on Thursday. -- BERNAMA