Ringgit opens higher against greenback, major currencies
KUALA LUMPUR: The ringgit opened higher against the greenback and major currencies on Friday, amid mixed movements in the foreign exchange market.
At 8am, the ringgit increased to 4.0810/0865 against the US dollar from Thursday's close of 4.0840/0880.
Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said movements in the United States (US) Treasury yields continued to influence market sentiment, with the yield on 30-year US Treasury bonds rising eight basis points to 5.48 per cent, its highest level in two decades.
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