Against other major currencies, the ringgit was traded mostly higher except against the Singapore dollar, falling to 3.0784/0821 from 3.0778/0814 at Friday’s close. — Reuters picKUALA LUMPUR, March 29 — The ringgit was slightly lower against the US dollar at the opening today on lack of demand for the local note, while the greenback is attracting interest on optimism over the US economy, a dealer said.
American economists are projecting that the global economy would expand roughly at 6.4 per cent this year, mainly attributed to the US fiscal stimulus, giving positive spillovers for the rest of the world. Asked if the ringgit would be able to climb higher against the US dollar this year, Innes believes the answer is “yes”.
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