Ringgit higher versus US dollar

The ringgit opened higher versus the US dollar on mild buying support for the local note, a dealer said.

At 9 am, the ringgit stood at 4.2920/2960 against the greenback from 4.2960/2990 on Wednesday.

Investors were more interested in purchasing Asian currencies, including the ringgit, compared with the US dollar after the greenback traded lower versus the euro following the announcement by European Central Bank (ECB) President Mario Draghi that ECB could trim its stimulus this year.