The ringgit opened higher against the US dollar Friday as oil prices rebounded, easing the pressure on markets, dealers said.
At 9 am, the local unit traded higher against the US dollar at 4.3780/3830 from 4.3870/3930 on Thursday.
Brent, the global benchmark, rose 2.4 per cent to US$31.03 a barrel, moving away from below the US$30 level, which was the lowest in a decade.
FXTM Chief Market Analyst Jameel Ahmad said as long as the US dollar's strength and commodity price weakness persist, emerging currencies will continue to experience downward pressures into the first quarter of 2016.
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At 9 am, the local unit traded higher against the US dollar at 4.3780/3830 from 4.3870/3930 on Thursday.
Brent, the global benchmark, rose 2.4 per cent to US$31.03 a barrel, moving away from below the US$30 level, which was the lowest in a decade.
FXTM Chief Market Analyst Jameel Ahmad said as long as the US dollar's strength and commodity price weakness persist, emerging currencies will continue to experience downward pressures into the first quarter of 2016.
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