Ringgit closes marginally lower against the US dollar but up on other currencies
KUALA LUMPUR, Nov 30 — The ringgit closed slightly lower against the US dollar today, a dealer said.
At 5pm, the ringgit was quoted at 4.2615/2665 against the greenback from 4.2550/2650 on Friday.
The dealer said the decline was not that significant now compared with a few months ago.
“The ringgit had been trading rangebound, mired by 1MDB issues, low crude oil prices and on heightened concerns that the Federal Reserve would raise interest rates in December.
“The worries seem to have taken a back seat for now,” he added.
The ringgit was mostly higher against other major currencies. It rose against the Singapore dollar to 3.0166/0222 from 3.0177/0261 on Friday and appreciated against the yen to 3.4655/4704 from 3.4752/4842.
It rose against the British pound to 6.3995/3079 from 6.4157/4325 and improved against the euro to 4.5061/5118 from 4.5171/5294. — Bernama
