KUALA LUMPUR, June 25 — The ringgit rebounded against the US dollar, in early trade today, on fresh buying interest, dealers said.
At 9.10am, the currency was quoted 3.2055/2085 against 3.2180/2210 yesterday.
A dealer said the greenback had retreated from a near three-week peak on renewed concerns after Federal Reserve officials released a comment saying the Fed’s exit strategy was still way out in the future.
The local currency was lower against the Singapore dollar at 2.5149/5188 from 2.5141/5168 yesterday but strengthened against the yen to 3.2704/2748 from 3.2797/2844 previously.
The ringgit depreciated against the British pound to 4.9504/9564 from 4.9454/9510 yesterday but was stronger against the euro at 4.2062/2108 from 4.2175/2224 yesterday. – Bernama
