KUALA LUMPUR: The ringgit remains on an uptrend, opening stronger versus the US dollar this morning.
At 9am, the local currency improved to 4.0260/0310 versus the greenback, from Wednesday’s close of 4.0350/0390.
The firmer ringgit performance is supported by optimism over Covid-19 vaccines and higher oil prices. As of the time of writing, the benchmark Brent crude was up 0.5 per cent at US$51.34 per barrel.
Meanwhile, the ringgit was traded mostly easier against other major currencies.
It decreased against the Singapore dollar to 3.0447/0492 from 3.0441/0481 on Wednesday, and was lower against the British pound at 5.4931/5011 from 5.4775/4846 previously.
However, the local note appreciated versus the euro to 4.9540/9618 from 4.9497/9559 yesterday, and rose slightly against the Japanese yen to 3.9034/9087 from 3.9084/9126 previously. – Bernama