KUALA LUMPUR, May 15 — The ringgit ended broadly higher against the US dollar as the market reacted to Malaysia's first quarter (Q1) GDP growth that beat market forecasts, dealers said.

At 5pm, the local unit improved further against the greenback to 3.5620/5660 from 3.5800/5830 yesterday.

For Q1 2015, Malaysia registered a strong GDP growth of 5.6 per cent with the private sector remaining the anchor of growth, surpassing the earlier market forecast of 5.5 per cent.

The ringgit extended its rally in anticipation of more economic goodies from the 11th Malaysia Plan to be tabled by the Prime Minister next week, said a currency trader.

The ringgit also strengthened against other major currencies today.

It rose against the Singapore dollar to 2.6889/6940 from 2.7109/7136 yesterday and advanced against the yen to 2.9785/9826 from 3.0029/0064 yesterday.

The local currency was also traded higher against the British pound at 5.6052/6132 from 5.6428/6490 yesterday, and gained against the euro to 4.0447/0503 from 4.0819/0864 yesterday. — Bernama