KUALA LUMPUR: In line with the positive Nikkei Purchasing Managers Index (PMI), the ringgit opened slightly higher against the US dollar today.
According to BERNAMA, at 9 am, at the closing of Friday, the ringgit was up to 4.1850/1900 against the greenback.
A dealer said the Nikkei PMI released this morning, for the time being putting investors at ease as it said business optimism had hit a multi-year high and was upbeat to future output volumes.
He added that the report painted a positive outlook for the manufacturing sector in Malaysia, despite the remaining uncertain global risk landscape.
Meanwhile, the ringgit traded on a basket of major currencies mostly lower.
It decreased from Friday’s 3.0399/0432 against the Singapore dollar to 3.0465/0513 and depreciated from 3.8512/8544 against the Japanese yen at 3.8643/8700.
The local unit slid from 5.2693/2748 in front of the British pound to 5.2928/2995 and weakened from 4.6703/6741 against the euro to 4.6776/6848.