Feb 12: Ringgit rebounds against US dollar

 Publish date: Mon, 12 Feb 2018, 10:46 AM

KUALA LUMPUR: The ringgit rebounded from last week's downtrend to open higher against the US dollar this morning on improved sentiment, as global stock markets move towards recovery.

At 9am, the ringgit stood at 3.9280/9330 against the greenback from Friday's close of 3.9370/9410.

Meanwhile, the ringgit traded mixed against other major currencies.

It fell against the Singapore dollar to 2.9612/9656 from 2.9604/9643 last Friday, and depreciated against the yen to 3.6139/6195 from 3.6096/6143.

But the ringgit rose against the British pound to 5.4332/4409 from 5.4795/4859, and strengthened against the euro to 4.8177/8254 from 4.8279/8344. - Bernama

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