KUALA LUMPUR: The ringgit rebounded to close higher against the US dollar today as factors including US interest rates and geopolitical tensions continue to weigh on the greenback. At 6pm, the local unit was quoted at 4.1880/1910 against the US dollar, from 4.2040/2070 on Thursday. Inter-Pacific Research Sdn Bhd Head of Research, Pong Teng Siew, said lingering negative sentiment against the dollar sent it lower this week. On the local front, Pong said the re-rating trend on Malaysia’s credit rating has supported the local unit as well. It improved versus the yen to 3.7648/7685 from 3.8069/8100 on Thursday, and was better against the euro at 4.9988/9041 from 5.0007/0051 yesterday.-- BERNAMA

Source: New Strait Times September 15, 2017 11:37 UTC