Ringgit closes higher against US dollar
The ringgit closed higher against the US dollar today on fresh buying interest after depreciating over the last four trading days, dealers said.
The local note was quoted at 3.2130/2160 to the US dollar from 3.2215/2245 yesterday.
An analyst said lingering concerns over the US dollar also boosted most emerging currencies, apart from the yen, due to market talk of more corporate tax in Japan.
"Investors were wary of buying the dollar, given worries about a possible federal debt default and the chances of a US government shutdown next week," he added.
Meanwhile, the ringgit was mostly higher against most major currencies.
It improved against the Singapore dollar at 2.5605/5648 from 2.5657/5683 on Wednesday and was marginally better versus the yen at 3.2550/2597 from 3.2679/2726.
It depreciated against the British pound to 5.1565/1630 from 5.1515/1569 yesterday but strengthened against the euro to 4.3411/3458 from 4.3477/3521.-- Bernama