Ringgit Opens Slightly Higher Against US Dollar

KUALA LUMPUR, Oct 14 (Bernama) -- The ringgit opened slightly higher against the US dollar in the early session on Friday due to bargain hunting activities in the market. At 9 am, the ringgit was quoted at 4.2100/2160 to the US dollar from 4.2110/2170 at Thursday's close. Kenanga Research said the ringgit's performance was due to sentiment following revised data released by Bank Negara Malaysia (Malaysia's Central Bank) showing large bond sell-off by foreign investors in September. "The central bank revised the September bond sell-off figure to US$1.99 billion (RM8.4 billion) from the initial US$332.94 million (RM1.4 billion)," it said in a note. Meanwhile, the ringgit weakened against a basket of major currencies. It slipped against the yen to 4.0551/0624 from 4.0522/0599 on Thursday and fell against the Singapore dollar to 3.0412/0458 from 3.0400/0461. The ringgit was down against the euro to 4.6499/6583 from 4.6409/6480 and strengthened against the British pound at 5.1484/1570 from 5.1332/1409 . -- BERNAMA