Posted on 15 Jan 2013
The ringgit opened higher against the US dollar on Tuesday on continued buying interest for riskier currencies, including the ringgit, dealers said.
At 9.30 am, the ringgit was quoted at 3.0040/0070 against 3.0160/0190 at 5 pm on Monday.
A dealer said Asian currencies benefited from the announcement made by the Federal Reserve that suggested the US central bank was in no hurry to withdraw monetary stimulus from the world’s biggest economy.
Meanwhile, the ringgit was also traded higher against other major currencies.
The ringgit rose against the Singapore dollar to 2.4530/4575 from 2.4586/4617 on Monday and strengthened against the yen to 3.3519/3572 from 3.3728/3766 yesterday.
The domestic currency was up against the British pound at 4.8313/8371 from 4.8636/8693 yesterday and was better against the euro at 4.0200/0252 from 4.0282/0334 on Monday.
