KUALA LUMPUR: The ringgit opened higher today, extending its better performance from last week, bolstered by the global investors’ higher appetite for the riskier assets which includes ASEAN currencies, said a dealer.
At 9 am, the ringgit improved to 4.1700/1750 against the US dollar from last Friday's close of 4.1780/1830.
The market was closed on Monday in conjunction with the birthday of the Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah.
Axi Trader Asia-Pacific market strategist Stephen Innes said the easing of the US dollar index and the firmer Chinese’ yuan also allowed Asia capital markets to have a lesser interest cost for servicing foreign debt.
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