KUALA LUMPUR (March 10): The ringgit rebounded to trade slightly higher against the US dollar in the early trading session on Thursday (March 10) on improving risk appetite for the local currency. At 9.08am, the local note was trading at 4.1830/1860 versus the greenback compared with 4.1845/1875 at Wednesday’s close. SPI Asset Management managing partner Stephen Innes said lower oil prices provided a ray of hope for risk assets. Meanwhile, the ringgit was traded mostly lower against a basket of major currencies. It fell against the Singapore dollar to 3.0766/0793 from Wednesday’s 3.0739/0766 and declined against the euro to 4.6226/6259 from 4.5912/5945 previously.

Source: The Edge Markets March 10, 2022 08:06 UTC