Ringgit closes higher against US dollar
The ringgit closed higher against the US dollar today on strong buying interest in the local unit, dealers said.
The ringgit was quoted at 3.1900/1930 against the greenback from 3.1980/1020 on Wednesday.
A dealer said investors' confidence in the ringgit was growing on
expectations the currency would strengthen by five per cent by year-end.
Against other currencies, the local unit was also traded higher.
The ringgit rose against the Singapore dollar to end at 2.5485/5515 from 2.5545/5581 yesterday and soared against the yen at 3.2601/2648 from 3.2830/2881 on Wednesday.
The local currency appreciated against the British pound at 5.0839/0900 from 5.1078/1149 yesterday and was higher against the euro at 4.3175/3229 from 4.3250/3313 previously.-- Bernama