Ringgit closes higher against US$

The ringgit closed higher against the US dollar today, in line with the advances on regional Asian currencies, dealers said.

The South Korean Won and Taiwan dollar lead the gains among Asian
currencies, fuelled by strong buying on expectations that more monetary stimulus in the Asian region will boost the still vulnerable economic outlook in growing economies.

The ringgit improved to 3.1001/1020 from 3.1055/1085 yesterday.

The local currency gained against the Singapore dollar at 2.4902/4924 from 2.4908/4936 yesterday and fell against the yen at 3.3299/3333 from 3.3175/3214 previously.