KUALA LUMPUR (June 11): The ringgit opened higher against US dollar today as the greenback loses its ground due to rising inflation, a dealer said.
At 9.02am, the local currency rose to 4.1150/1200 against the greenback from Thursday’s close of 4.1200/1220.
ActivTrades trader Dyogenes Rodrigues Diniz said the US Unemployment Claims data released on Thursday showed that inflation was rising but not as much as some had feared as the main reason why the dollar failed to gain more ground against the ringgit.-BERNAMA