FOREX: Ringgit Opens Stronger Against US DollarBy: Ramjit-->KUALA LUMPUR, Aug 6 (Bernama) -- The ringgit opened stronger against the US dollar on Thursday as the greenback lost its attraction in global markets, a dealer said.At 9.10am, the local unit traded higher at 3.4910/4950 against the greenback compared with 3.4950/5000 at yesterday's closing.The US dollar weakened on firmer crude oil prices, said the dealer who added that this week's sharp rally in the oil market was driven by improved economic recovery prospects."The greenback saw some sell-off today and we expect further selling-through in the near-term," he said. The bullish outlook for the stock market also supported sentiment, he added.The ringgit also strengthened against the Singapore dollar to 2.4350/4401 from 2.4355/4414, the yen to 3.6705/6762 from 3.6735/6807 and the British pound to 5.9357/9443 from 5.9366/9465.However, it weakened against the euro to 5.0319/0391 from 5.0290/0372 yesterday.-- BERNAMA
