KUALA LUMPUR: The ringgit opened higher against the US dollar today backed by the weaker greenback index and stable oil prices, said an analyst.
As at 9 am, the local unit was trading better at 4.2540/2580 against 4.2600/2650 on Tuesday’s close.
AxiCorp chief global market strategist Stephen Innes, however, cautioned that the market is far more uncertain about the oil market recovery than their unambiguous view for a weaker US dollar.
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