Ringgit edges higher against dollar

The ringgit edged higher against the US dollar today as interbank traders trimmed position on the greenback and sought
more cover in local unit, dealers said.

At the close, the ringgit was quoted at 3.1065/1095 from 3.1075/1105 yesterday.

A dealer said the ringgit gained from the improving US economy which in turn improved the risk appetite.

Meanwhile, the ringgit was also lower against other major currencies.

The local currency was unchanged against the Singapore dollar at 2.4892/4932 and eased against the yen to 3.2396/2435 from 3.2296/2344 previously.

The ringgit was traded lower against the British pound at 4.6368/6419 from 4.6299/6356 yesterday and eased against the euro to 4.6368/6419 from 4.6299/6356 on Monday.-- Bernama