Ringgit strengthens vs US dollar, major currencies on positive fiscal developments

KUALA LUMPUR: The ringgit opened higher against the US dollar and other major currencies on Monday, as positive developments in Malaysia’s fiscal position have contributed significantly to the ringgit’s appreciation.

At 8 am, the ringgit strengthened to 4.0730/0840 against the US dollar from 4.0740/0785 at Friday’s close.