Ringgit opens higher against US dollar

At 9.07am, the local unit was traded at 3.2600/2630 against the greenback from Friday's close at 3.2710/2740.

A dealer said the recent strengthening of the Asian currencies proved that investors are reversing developed market positions and returning to the emerging

market space.

The local note depreciated against the Singapore dollar to 2.5918/5961 from 2.5911/5945 on Friday but rose against the yen to 3.1672/1707 from 3.2015/2048

last week.

The domestic currency also improved to 5.4243/4306 from 5.4351/4420 versus the British pound on Friday but weakened to 4.4858/4905 from 4.4849/4900 against