The ringgit rebounded to open higher against the US dollar this morning on renewed buying interest for Asian currencies, dealers said.
At 9am, the local currency was quoted at 3.1880/1910 against the greenback from 3.2100/2130 on Wednesday.
A dealer said most investors left the greenback after dovish comments from the US Federal Reserve Chairman-elect Janet Yellen who suggested that the US central bank may not be near scaling back its stimulus package and this sent Treasury yields lower.
Meanwhile, the ringgit traded mostly higher against other major currencies.
The local note appreciated against the Singapore dollar to 2.5610/5639 from 2.5688/5716 yesterday and advanced against the yen to 3.2079/2125 from 3.2255/2301 on Wednesday.
Against the British pound, the ringgit declined to 5.1148/1209 from 5.0997/0051 yesterday, but rose to 4.2981/3027 against the euro from 4.3120/3167 previously.
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