KUALA LUMPUR, Dec 30 (NNN-Bernama) — The ringgit opened higher against US dollar Wednesday on positive sentiment, boosted by oil prices which continued to trade on a solid footing, said an analyst.<\/p>\n\n\n\n
At 9.01 am, the local note firmed up to 4.0430\/0470 against the greenback from Tuesday’s close of 4.0480\/0510.<\/p>\n\n\n\n
Axi chief global market strategist Stephen Innes said the ringgit seemed to be in a happy medium around the 4.05 level, after a tumultuous year for oil-linked currencies which included the ringgit. <\/p>\n\n\n\n
\u201cWe should see many local traders pack it in for the year today, but the ringgit should continue to trade on a stable note despite some year-end profit-taking hitting global equities,\u201d Innes told Bernama.<\/p>\n\n\n\n
As at time of writing, benchmark Brent crude climbed 0.39 per cent to trade at US$51.29 per barrel. <\/p>\n\n\n\n
Meanwhile, the ringgit was traded mostly lower against other major currencies.<\/p>\n\n\n\n
It improved against the Singapore dollar at 3.0472\/0504 from 3.0484\/0509 on Wednesday, but eased slightly versus the euro to 4.9595\/9661 from 4.9584\/9625 yesterday.<\/p>\n\n\n\n
The local note fell marginally versus the Japanese yen to 3.9063\/9109 from 3.9039\/9080 and dropped against the British pound to 5.4625\/4691 from 5.4527\/4587 previously.<\/p>\n\n\n\n
— NNN-BERNAMA<\/p>\n","protected":false},"excerpt":{"rendered":"
KUALA LUMPUR, Dec 30 (NNN-Bernama) — The ringgit opened higher against US dollar Wednesday on positive sentiment, boosted by oil prices which continued to trade on a solid footing, said an analyst. At 9.01 am, the local note firmed up to 4.0430\/0470 against the greenback from Tuesday’s close of 4.0480\/0510. Axi chief global market strategist […]<\/p>\n","protected":false},"author":25,"featured_media":21867,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[215,288],"tags":[],"_links":{"self":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/107957"}],"collection":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=107957"}],"version-history":[{"count":0,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/107957\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/media\/21867"}],"wp:attachment":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=107957"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=107957"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=107957"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}