Ringgit higher on better demand for local note

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Ringgit higher on better demand for local note
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Discouraging US economic data boosts demand for local note. FMTNEws US

KUALA LUMPUR: The ringgit opened higher against the US dollar in early trade today, boosted by better demand for the local note amidst discouraging overnight US economic data.

AxiTrader chief Asia market strategist, Stephen Innes said equities started the week a touch softer, while S&P500 was down 0.2% heading into the close, with similar declines seen in Europe.

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