open higher againet US.Dollor In Forex

March 31 (Bernama) -- The ringgit opened higher against the U.S. dollar today on active buying of the local currency amid weakening of the greenback in the global market, a dealer said.
At 9.28 am, the ringgit was traded higher against the U.S. dollar at 3.1920/1855 compared with 3.1950/2000 at Friday's closing.
The dealer said trading of the greenback for this week is expected to remain lower on renewed concerns over the health of the U.S. economy following signs of slowing consumption in the U.S.
He said this had sent nervous among investors, making them fleeing to other safe haven investments such as in the Asian marekt in order to reap better returns.
The ringgit was also traded higher against the Singapore dollar at 2.3093/3133 from 2.3142/3197 but lower against the yen at 3.1937/1973 from 3.1928/1984 previously.
The ringgit was firmer against the British pound at 6.3638/3710 from 6.3722/3882 and strengthened against the euro at 5.0311/0368 from 5.0344/0432.

Debt Management

Compare debt management plans using our calculator - Search online now!

www.trapped.co.uk