Ringgit slightly higher against US dollar

The ringgit traded slightly higher in the early session against the US dollar today on renewed buying interest, dealers said.

At 9am, the local currency rose against the greenback to 3.1990/2020 from 3.1998/2018 yesterday.

A dealer said the ringgit's position was also the result of investors shifting interest from safe haven to emerging currencies.

The dealer said the US government holiday yesterday also has kept many investors on the sidelines and volumes low.

Meanwhile, the ringgit traded mixed against other major currencies.

The local note depreciated against the Singapore dollar to 2.5631/5657 from 2.5617/5653 yesterday, but improved against the yen to 3.2222/2259 from 3.2298/2332 previously.

Against the British pound, the ringgit advanced to 5.1136/1197 from 5.1245/1293, but slid to 4.2883/2929 from 4.2817/2853 against the euro.-