KUALA LUMPUR: The ringgit opened higher against the US dollar today on renewed buying interest as demand for the greenback eased amid the lack of new catalysts, said a dealer.
At 9am, the local unit improved to 4.1430/1460 against the greenback from 4.1460/1500 on Wednesday.
Oanda head of Asia-Pacific trading Stephen Innes said the steadier price of Brent crude of between US$70 to US$80 (RM290 to RM332) per barrel also lifted the ringgit, as the Organisation of the Petroleum Exporting Countries tightly monitored supply to keep markets in the current spot.