Ringgit ends lower against US dollar

Ringgit ends lower against US dollar

The ringgit declined against the Singapore dollar to 3.0285/0333 from 3.0265/0299 on Monday, but vis-a-vis the Japanese yen, it appreciated to 3.6733/6781 from 3.6739/6780.

Malaysian ringgit notes against US dollar background
KUALA LUMPUR:
The ringgit extended its losses to end lower against the US dollar today, in line with most Asian currencies as more investors are leaving the emerging markets amid the continuous uptrend in the US dollar, dealers said.

At 6pm, the ringgit stood at 4.1920/1960 versus the greenback compared with Monday’s close of 4.1860/1900.

A dealer said the US dollar advanced to its highest level since June 2017 as trading commences for the new week, which represents a 16-month high for the greenback, fuelling investors’ belief that the US Federal Reserve would increase interest rates next month.

The local unit, however, was mixed against other major currencies.

The ringgit declined against the Singapore dollar to 3.0285/0333 from 3.0265/0299 on Monday, but vis-a-vis the Japanese yen, it appreciated to 3.6733/6781 from 3.6739/6780.

It decreased against the British pound to 5.4022/4099 from Monday’s 5.3765/3833, and strengthened against the euro to 4.7097/7146 from 4.7113/7175 previously.

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