Malaysia Ringgit Closes Marginally Higher Against US Dollar

KUALA LUMPUR, June 9 (Bernama) -- The Malaysian ringgit ended marginally higher against the US dollar and other major currencies Friday on mild buying interest ahead of the long weekend and in line with the uptrend in the local equity market, dealers said. At 6 pm, the local unit was quoted at 4.2635/2665 against the greenback from Thursday’s close of 4.2670/2700. A dealer said the market saw increased demand for the local note despite a stronger greenback, globally, as markets were still digesting former Federal Bureau of Investigation director James Comey’s testimony and awaiting the final results of the United Kingdom election. "Active demand from overseas pushed the ringgit higher from 11 am onwards," the dealer said. Meanwhile, the foreign exchange market will be closed on Monday (June 12) for the Nuzul Al-Quran public holiday. Against a basket of major currencies, the ringgit traded higher. It rose against the Singapore dollar to 3.0795/0827 from 3.0853/0886 and appreciated versus the yen to 3.8615/8653 from 3.8745/8776 yesterday. The local unit increased to 5.4291/4351 from 5.5219/5262 when compared with the British pound and added against the euro to 4.7628/7674 from 4.7923/7973 on Thursday. -- BERNAMA