Ringgit rebounds to open higher against US dollar

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KUALA LUMPUR (Jan 20): The ringgit rebounded to open higher versus the US dollar on Thursday (Jan 20) as the greenback retreated amid risk-on mode in the equity market, an analyst said.At 9.05am, the local currency was trading at 4.1855/1880 against the US dollar compared with 4.1925/1950 at Wednesday’s close.Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid told Bernama that the 10-year US Treasury yielded lower at 1.83% on Wednesday night, while the major US equities' benchmark index fell.It seemed at the moment, the US