The ringgit rebounded to open higher against the US dollar this morning, lifted by stronger oil prices, dealers said. At 9am, the ringgit was traded at 4.1545/1605 from 4.1650/1750 last Friday. A dealer said sentiments in the global foreign exchange and equity markets were positive after the United Arab Emirates raised hopes of a coordinated oil production cut, sending prices to a better level, with a 12% jump seen last Friday. The ringgit also traded higher against other major currencies. It rose against the Singapore dollar to 2.9722/9780 from the 2.9831/9918 registered on Friday, and strengthened versus the yen to 3.6642/6711 from 3.6979/6081. The local unit appreciated vis-a-vis the Euro to 4.6676/6747 from 4.6973/6102 and expanded against the British pound to 6.0282/0373 from 6.0422/0583. – Bernama, February 15, 2016.]]>
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