KUALA LUMPUR, Feb 26 — The ringgit closed broadly higher against the US dollar and other major currencies today on exporters’ demand and renewed weakness of the greenback, a currency dealer said. At 5pm, the local unit was quoted at 3.2690/2710 against the greenback from yesterday’s 3.2800/2830. The dealer said exporters’ demand for the ringgit ahead of the month-end coupled with the expected weakness in US data had lent support to the ringgit today. Many traders were also seen covering their short positions in the ringgit against the Singapore dollar, he said. Chartwise, the pair (US dollar versus ringgit) broke below the key support level of 3.2700 which seemed to propel further gains for the ringgit, he added. The local currency firmed up against the Singapore dollar to 2.5862/5904 from yesterday’s close of 2.5943/5969, and strengthened against the yen to 3.1949/1984 from 3.2047/2092 yesterday. The ringgit continued to strengthen against the euro to 4.4926/4960 from 4.5107/5154 yesterday and against the British pound to 5.4573/4613 from 5.4704/4760. — Bernama

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