Ringgit opens higher against US dollar

 Publish date: Fri, 14 Sep 2018, 09:45 AM

KUALA LUMPUR: The ringgit opened higher against the US dollar today with investors looking forward to a positive August Consumer Price Index (CPI) announcement.

At 9am, the ringgit strengthened to 4.1380/1420 against the greenback from 4.1430/1460 at yesterday's close.

FXTM research analyst Lukman Otunuga said the CPI data for August is expected to jump by 1.5 per cent.

Meanwhile, the ringgit traded mostly lower against a basket of other major currencies.

It depreciated slightly against the Singapore dollar to 3.0193/0229 from 3.0181/0216 on Thursday, and inched up against the yen to 3.6923/6969 from 3.7170/7204.

The local note declined against the euro to 4.8373/8428 from 4.8129/8168, and was down against the British pound at 5.4262/4322 from 5.4066/4126. - BERNAMA


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