Ringgit Higher Against US$ On Better Market Sentiments - The ringgit was higher against the US dollar early wednesday on renewed buying interest and amid the better performance of Bursa Malaysia.
At 9.00 am(0100gmt), the ringgit stood at 3.8970/9000 against the greenback from Tuesday's close of 3.9135/9165.
A dealer said the US dollar index, which tracks the greenback against a slate of currencies, pared gains from previous sessions as Wall Street rebounded off its low, and this contributed to the higher ringgit.
He said the sell-off across world stock markets sent investors rushing into the dollar on Monday, helping the greenback to trade higher. The ringgit was also traded higher against a basket of major currencies.
The ringgit also rose against the British pound at 5.4394/4440 from 5.4762/4808, and appreciated against the yen to 3.5609/5646 from 3.5897/5934.
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