KUALA LUMPUR: The ringgit opened higher against the US dollar today on lower demand for the greenback amid optimism around the United States-China trade negotiations, dealers said.
At 9.05 am, the ringgit was higher at 4.1490/1540 against the greenback from last Friday’s close of 4.1515/1545.
Axi Trader Asia-Pacific market strategist Stephen Innes said the ringgit, along with other Asian currencies, would keep a close watch on the Chinese yuan, which is heavily exposed to the US dollar following the ongoing trade disputes.
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