Ringgit Opens Higher Against The US Dollar

KUALA LUMPUR, July 20 (Bernama) -- The ringgit opened higher for the third consecutive day lifted by interest in emerging market assets, dealers said. At 9 50 am, the local unit stood at 4.2845/2885 against the greenback compared with Wednesday's close of 4.2830/2870. A dealer said the sentiment was expected to continue to drive the ringgit’s movement Thursday. Meanwhile, the ringgit was mostly lower against other major currencies. It eased against the Singapore dollar to 3.1308/1342 from Wednesday's 3.1295/1335 but appreciated against the Japanese yen to 3.8272/8311 from 3.8299/8345. The local unit depreciated against the British pound to 5.5801/5862 from Wednesday's 5.5790/5855 and weakened against the euro to 4.9396/9451 from 4.9349/9412 Wednesday. -- BERNAMA