Ringgit extends gains to open higher againts US dollar

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Ringgit extends gains to open higher againts US dollar
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At 9.15 am, the local note rose advanced to 4.4680/4730 versus the greenback from Friday’s closing rate of 4.4850/4880. theSun theSundaily ringgit Malaysia business USD

: The ringgit extended last week’s gains to trade higher against the US dollar in the early session today, driven by investors’ return to emerging currencies as the global banking crisis eased and ahead of the decision on US interest rates in the middle of the week, dealers said.

Kenanga Research said for the week ahead, the news pipeline appears fairly quiet on the home front, with macro data scheduled for release, including the February external trade statistics and the February consumer price index report on Friday.

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