Ringgit opens higher vs US$, major Asean currencies

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KUALA LUMPUR: The ringgit opened higher against the US dollar and major Asean currencies ahead of the release of the United States’ (US) inflation data, supported by soaring oil prices, said an analyst.

At 9 am, the local note rose to 4.6720/6760 against the greenback from Tuesday’s close of 4.6755/6805.

"Traders have been buying lots of US dollars the past two weeks due to the resilient US economy and higher US yields.

 

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