The ringgit opened higher against the US dollar Tuesday on fresh buying interest.
At 9.21 am(0121GMT), the ringgit was quoted at 4.0160/0210 against the greenback from 4.0270/0330 at 5 pm on Monday.
A dealer said the ringgit strengthened in early trade, taking advantage of higher overnight crude oil prices.
Crude oil futures rose 0.25 per cent to US$47.84 per barrel.
"Investors also turned away from the greenback ahead of the US Federal Reserve policy meeting tomorrow," the dealer added.
The local note also traded mostly higher against other major currencies.
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At 9.21 am(0121GMT), the ringgit was quoted at 4.0160/0210 against the greenback from 4.0270/0330 at 5 pm on Monday.
A dealer said the ringgit strengthened in early trade, taking advantage of higher overnight crude oil prices.
Crude oil futures rose 0.25 per cent to US$47.84 per barrel.
"Investors also turned away from the greenback ahead of the US Federal Reserve policy meeting tomorrow," the dealer added.
The local note also traded mostly higher against other major currencies.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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