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KUALA LUMPUR (Feb 10): The ringgit strengthened against the US dollar in early session on Wednesday on continued buying interest, supported by higher oil prices, said an analysts.
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At 9 am, the local note traded marginally higher at 4.0450/0459 against the greenback from Tuesday’s close of 4.0460/0500.
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Axi chief global market strategist Stephen Innes said the ringgit traded well in line with other oil-exporting countries peer currencies and got a double whammy boost from the stronger yuan on robust credit demand expectations in China for January.-The Edge Market