April 6, 2021 KUALA LUMPUR (BERNAMA) – The ringgit opened unchanged against the United States (US) dollar yesterday but was higher versus a basket of major currencies, supported by the seasonal demand bounce on crude oil demand. At 9am, the local unit stood at 4.1380/1430 versus the greenback from 4.1380/1420 at Friday’s close. Axi Chief Global Market Strategist Stephen Innes said the positive trend for the local note against the major currencies (except with the US dollar) was also due to the recovery in the bond market, which recovered sharply last week on the FTSE news. “Malaysia will remain in the FTSE World Government Bond Index (WBGI), removing a vital overhang of the past two years. Stretched absolute yields and low liquidity had likely contributed to the rally.