The ringgit rebounded from two days of losses to open higher against the US dollar this morning and lifted by buying support for the local note, dealers said.
At 9.05 am, the ringgit traded at 4.1720/1770 to the US dollar from 4.2140/2200 yesterday.
A dealer said Asian currencies as well as commodity-exporter currencies moved in tandem with the movement of crude oil prices.
“The rebound in crude oil prices came as Iran said it would support any effort to stabilise oil prices and this sparked renewed interest for the currencies,” he added.
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At 9.05 am, the ringgit traded at 4.1720/1770 to the US dollar from 4.2140/2200 yesterday.
A dealer said Asian currencies as well as commodity-exporter currencies moved in tandem with the movement of crude oil prices.
“The rebound in crude oil prices came as Iran said it would support any effort to stabilise oil prices and this sparked renewed interest for the currencies,” he added.
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