KUALA LUMPUR: The ringgit opened marginally higher against the US dollar today on renewed demand, buoyed by positive spillover effect from the bullish October trade data and gross domestic product forecast, a dealer said. A dealer said the better trade performance prompted buying momentum for the local note. The dealer said the local note should have a bit more room to rally as the real domestic and external positive sentiments outweighed speculative wagers on the US dollar. Against a basket of major currencies, the ringgit was traded mostly higher, except against the euro. The local note was traded lower against the euro at 4.8089/8128 from 4.7961/7997 on Friday.

Source: New Strait Times December 11, 2017 01:41 UTC