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Ringgit closes lower against US dollar

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Ringgit closes lower against US dollar Empty Ringgit closes lower against US dollar

Post by Cals Fri 20 Sep 2013, 22:39

Ringgit closes lower against US dollar
Business & Markets 2013
Written by Bernama
Friday, 20 September 2013 20:26

KUALA LUMPUR (Sept 20): The ringgit retreated to close lower against the US dollar today after yesterday's three-month high as investors booked profits ahead of the weekend.

The local note was quoted at 3.1625/1665 per US dollar from 3.1470/1500 yesterday.

"Traders were reluctant to take position in the absence of fresh leads," the dealer said.

Meanwhile, the local currency declined against most major currencies.

The ringgit was lower versus the Singapore dollar at 2.5324/5375 from 2.5299/5332 yesterday but was marginally higher against the yen at 3.1813/1869 from 3.1836/1879 on Thursday.

It depreciated against the British pound to 5.0730/0806 from 5.0591/0652 and declined against the euro to 4.2782/2846 from 4.2678/2725 yesterday. -- BERNAMA
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