Malaysian Ringgit Opens Slightly Higher Against US Dollar

KUALA LUMPUR, April 21 (Bernama) -- The Malaysian ringgit opened slightly higher against the US dollar on Friday as investors’ interest shifted away from the greenback following US President Donald Trump’s remark that he preferred to see US interest rates stay low. At 9.10 am, the local note stood at 4.3950/3980 against the greenback from 4.3960/3000 registered at 6pm Thursday. A dealer said investors’ sentiment towards the ringgit was improving and the news on US interest rates would likely further boost demand for the currency. Meanwhile, the ringgit was traded higher against most major currencies. The local note rose against the Singapore dollar to 3.1422/1446 from 3.1465/1498 on Thursday and was higher against the Japanese yen at 4.0207/0245 from 4.0312/0352 Thursday. The ringgit strengthened against the British pound to 5.6260/6321 from 5.6392/6452 on Thursday and advanced against the euro to 4.7106/7142 from 4.7310/7366, previously. --BERNAMA