Ringgit ends higher against US dollar

KUALA LUMPUR: The ringgit continued its uptrend to end higher today on continued buying support for the local note, a dealer said.
At 6pm, the local unit stood at 4.4050/4100 against the greenback compared to 4.4100/4150 previously.
The dealer said the measures announced by the Bank Negara Malaysia (BNM) had regain traders' confidence and appetite for the local unit.
BNM said on Thursday it would deepen financial markets, including revising rules to allow investors to fully hedge their currency exposure and permit all domestic players to short-sell government bonds.
The ringgit, however, was traded mostly higher against a basket of other major currencies.
It rose against the Singapore dollar to 3.1521/1572 from 3.1606/1646 on Thursday and appreciated against the British pound to 5.5107/5187 from 5.5297/5377 yesterday.
The ringgit was higher against the yen at 4.0450/0503 from 4.0474/0538 yesterday.
It, however, was traded lower against the euro to 4.6786/6847 from 4.6297/6989. — Bernama