KUALA LUMPUR, Nov 14 (Bernama) -- The ringgit closed firmer Friday against the US dollar amid risk appetite improvement, dealers said.
At 5.00pm, the local currency was stronger against the greenback at 3.5930/5980 compared with 3.5980/5000 yesterday.
The dealers said that gains in local stocks also provided some support to the local unit where sentiment was boosted by the government's stimulus package announcement.
"During the trading, the local unit movements were tied to the local stock market between 3.59 and 3.60," one of the dealers said.
However, the gains were limited with some players concerned over the global financial system, she added.
In late trading today, the ringgit rose against other major currencies.
The local unit was higher against the Singapore dollar at 2.3696/3752 from 2.3743/3783 yesterday and also against the Japanese yen at 3.7057/7116 from 3.7589/7621 previously.
The ringgit strengthened against the British pound at 5.3475/3563 from 5.3574/3622 yesterday but it weakened against the euro at 4.5635/5709 from 4.4903/4942 previously.
-- BERNAMA
source
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