Business

Ringgit opens higher against US dollar 2021’s first trading day

Local currency improves to 4.0100/0150 versus the greenback

Updated 5 years ago · Published on 04 Jan 2021 9:28AM

Ringgit opens higher against US dollar 2021’s first trading day — The market is continuing to build in boatloads of optimism for a global growth recovery in 2021. – Bernama pic, January 4, 2021

KUALA LUMPUR – The ringgit opened higher this morning versus the US dollar, denoting a decent evidence that it provides a guide to performance for the year.

Axi chief global market strategist Stephen Innes said the market continues to build in boatloads of optimism for a global growth recovery in 2021 and an accompanying downward trajectory for the US dollar as the primary consensus view.

At 9am, the local currency improved to 4.0100/0150 versus the greenback from Thursday's close of 4.0200/0250. – Bernama, January 4, 2021

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