KUALA LUMPUR, June 16 (Bernama) — The ringgit was sharply higher against the US dollar in the early session today on fresh demand for the local note.
At 9.05 am, the ringgit was quoted at 3.7440/7470 against the greenback from the 3.7590/7630 recorded at the close on Monday.
A dealer said the ringgit rose ahead of the Federal Reserve policy meeting later today as cautious sentiment weighed on the US dollar.
Meanwhile, the ringgit traded mostly higher against other major currencies.
It improved against the Singapore dollar at 2.7834/7875 from 2.7884/7932 yesterday and the yen at 3.0340/0377 from 3.0430/0467.
The ringgit strengthened against the euro to 4.2217/2262 from 4.2240/2292.Against the pound however, it declined to 5.8395/8461 from 5.8336/8409.