The ringgit opened higher against the US dollar today.

KUALA LUMPUR : The ringgit opened higher against the US dollar today on proceeded with request taking after Bank Negara Malaysia's (BNM) new measures to balance out the neighborhood note.

At 9.05 am, the ringgit reinforced to 4.4420/4470 against the greenback from yesterday's 4.4470/4500.

A merchant said the measures by BNM had expanded speculator certainty with the ringgit anticipated that would proceed with its uptrend.

A week ago, the national bank declared measures, which got to be distinctly successful yesterday, to help liquidity and goad more household exchange of the ringgit.

The better oil costs which remained at above US$55 a barrel likewise lifted the ringgit to open higher.

In the mean time, the ringgit exchanged generally bring down against other real coinage.

It devalued against the Singapore dollar to 3.1317/1370 from yesterday's 3.1207/1232 and fell against the yen to 3.9109/9170 from 3.8934/8987.

Against the euro, it was lower at 4.7774/7850 from 4.7285/7321 and declined against the British pound at 5.6542/6628 from 5.6486/6542.

Current Status: 

currency trading signals , forex advisory , forex picks , forex signals provider , Currency Trading Tips , forex currency trading tips