Ringgit ends weaker against US dollar

comments     Bernama     Published     Updated

The ringgit closed lower against the US dollar today, dampened by the stronger greenback and lower crude oil prices, a dealer said.

At 5pm, the local unit was quoted at 4.3220/3290 against the greenback from 4.2900/2950 on Friday.

The dealer said the US dollar regained its strength last week following more job creation in November, indicating a continuous recovery in the US job market.

“This suggested that the Federal Reserve was drawing closer to a December interest rate, with the Federal Open Market Committee meeting scheduled for Dec 15-16,” he said.

The local note also traded lower against other major currencies at closing today.

It went down against the Singapore dollar to 3.0648/0704 from Friday’s close of 3.0484/0543, and was lower against the yen at 3.5660/5721 from 3.5199/5251.

The ringgit also declined against the British pound to 6.5483/5602 from Friday’s close of 6.5049/5142, and eased against the euro to 4.7339/7420 from 4.7048/7112.

- Bernama



Malaysiakini
news and views that matter


Sign In