The ringgit was traded higher against the US dollar today on mild buying support and positive sentiment, dealers said.
At 9.04 am, the local unit was quoted at 4.0800/0850 against the US dollar from yesterday’s closing at 4.0890/0940.
A dealer said the local note was expected to be steady on better crude oil prices coupled with increasing doubts about an interest rate increase by the US Federal Reserve.
The ringgit was traded mixed against other major currencies.
It rose against the euro to 4.6080/6140 from yesterday’s 4.6083/6156 and strengthened against the yen to 3.8472/8530 from 3.8572/8630.
The local unit depreciated against the Singapore dollar to 3.0120/0161 from 3.0110/0169 and slipped against the British pound to 5.7977/8056 from 5.7851/7938 on Monday
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