KUALA LUMPUR: The ringgit closed higher against the US dollar and most emerging nations’ currencies today on strong buying momentum for the local note, a dealer said.
At 6pm, the local unit was quoted at 4.1870/1900 against the US dollar, from 4.1880/1910 last Friday.
Higher global oil prices also helped push the ringgit to close higher.
"Malaysia is an oil exporting country and with Brent crude at US$55.65 per barrel, up by 0.05 per cent, buying sentiment for the ringgit was boosted,” the dealer said.
Against other major currencies, the ringgit was traded mostly higher – except for the euro, against which it fell to 5.0035/0087 from 5.0007/0051 last week.
The ringgit inched up against the Singapore dollar to 3.1098/1132 from 3.1128/1164 last Friday, and vis-a-vis the yen, it went up to 3.7619/7656 from 3.7648/7685 previously. It improved versus the British pound to 5.6717/6775 from 5.6873/6926 last Friday. -- BERNAMA