Ringgit slides to 4.458 to US$1

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The ringgit was traded lower today against the US dollar, as the greenback rallied on expectations of a hike in US interest rates next month, dealers said.

The local unit declined against the greenback to 4.4580/4700 from 4.4450/4550 yesterday.

Meanwhile, the ringgit was lower against other major currencies but remained almost unchanged against the Singapore dollar.

The local unit was almost flat against the Singapore dollar at 3.1090/1191 from 3.1093/1167.

It strengthened against the yen to 3.9174/9283 from 3.9389/9481 yesterday.

The ringgit was lower against the euro at 4.7023/7154 from 4.6966/6094 and weaker against the British pound at 5.5475/5643 from 5.5354/5500.

- Bernama

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