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Ringgit closes at 4.32 against US dollar

The ringgit closed lower against the US dollar today as more investors shifted their interest from emerging currencies to the safe-havens, dealers said.

At 5pm, the ringgit was quoted at 4.3275/3325 against the greenback from 4.2560/2610 on Friday.

A dealer said the greenback gained little support today after the release of mixed US jobs data on Friday helped investors to get clearer picture on when the Federal Reserve would increase interest rates.

The ringgit was also traded lower against other major currencies.

It declined against the Singapore dollar to 3.0330/0374 from Friday's 3.0040/0085 and fell against the yen to 3.6277/6325 from 3.5738/5792 previously.

The local unit eased against the pound sterling to 6.6038/6127 from 6.4849/4933 on Friday and weakened against the euro to 4.8299/8372 from 4.7408/7468 previously.

- Bernama


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