KUALA LUMPUR, Jan 16 — The ringgit continued to close marginally higher for the second consecutive day against the US dollar today in line with other regional currencies, dealers said.

Speaking to Bernama, they said the ringgit edged up due to market positioning, with Switzerland’s move to scrap its cap on the franc contributing to the local currency’s movements.

At 5pm, the local note was quoted at 3.5580/5610 against the greenback compared with 3.5590/5620 yesterday.

However, they said, uncertainties over the direction of the market, despite the boost, had put investors in a cautious mood.

Most Asian currencies were firmer versus the greenback.

The ringgit was traded mixed against other major currencies.

It strengthened against the euro to 4.1319/2361 from 4.1850/2889 yesterday, but weakened against the yen to 3.0522/9561 from 3.0261/9299 yesterday.

The local unit edged up against the British pound to 5.4096/3156 from yesterday’s 5.4150/3203, but eased against the Singapore dollar to 2.6867/6898 from 2.6735/6778 yesterday. — Bernama