"The market expects to see better progress on the European debt crisis which will see demand for the greenback as the safe haven currency to ease," they said.
However, the dealers said in technical terms, the upward momentum would not sustain for long, as the ringgit will hover between 3.2 and 3.25 in the first quarter of this year.
A dealer said for this week, the ringgit will move between 3.02 and 3.05 against the greenback, but he remained wary over possible corrections in emerging Asian currencies if efforts to complete a deal on handling Greek debt fail.
During the week, the ringgit experienced straight three-day gains since Tuesday, but on Friday's close the local ringgit saw little change as investors took profits from the rise in Asian currencies before the Chinese New Year holidays next week.
On a Friday-to-Friday basis, the ringgit was higher against the US dollar at 3.1060/1090 from 3.1325/1356 last Friday.
The local unit was little changed against the Singapore dollar at 2.4330/4359 from 2.4334/4364 and higher against the yen at 4.0185/0250, from 4.0846/0897 last Friday.
It was also little changed against the British pound at 4.8030/8079 from 4.8084/8141 last Friday, and appreciated against the euro at 4.0135/0187, from 4.0268/0314 previously.
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