Ringgit opens higher against US dollar | Malay Mail

At 9.15am, the local currency was quoted at 4.1560/1610 against the greenback from 4.1630/1680 last Friday. — Reuters pic

KUALA LUMPUR, Sept 1 — The ringgit rebounded to open higher against the US dollar today on renewed buying interest for the local unit, said a dealer. At 9.15am, the local currency was quoted at 4.1560/1610 against the greenback from 4.1630/1680 last Friday.The dealer said the US dollar's weakness was attributed to a comment made by Federal Reserve chairman Jerome Powell last week on a new approach to setting the US monetary policy, letting inflation and employment run higher in a shift that will likely keep interest rates low for years to come.It went up against the Singapore dollar to 3.0559/0607 from last Friday’s 3.

The ringgit depreciated against the British pound to 5.5566/5637 from 5.5251/5322 last Friday and rose against the euro to 4.9660/9736 from 4.9486/9562. — Bernama

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