Ringgit rises in early trade

KUALA LUMPUR: The ringgit rose against the US dollar in the early trading session today as investors’ demand shifted towards the local note on optimism over the US-China trade talks, with the US expected to come close to completing some sections of an agreement with Chinese negotiators.

At 9am, the ringgit was quoted at 4.1805/1835 versus the greenback from 4.1845/1875 recorded at last Friday’s close.

Meanwhile, the local note was traded higher against other major currencies.

The ringgit improved against the Singapore dollar to 3.0683/0723 from 3.0692/0725; and rose against the yen to 3.8350/8388 from 3.8506/8548.

It gained against the British pound to 5.3711/3754 from 5.3716/3768; and was higher against the euro at 4.6391/6428 from 4.6502/6552. - BERNAMA

By Bernama - October 29, 2019 @ 9:44am