Ringgit closes lower against us dollar

Ringgit closes lower against us dollar
Business & Markets 2013
Written by Bernama
Tuesday, 24 September 2013 18:16

KUALA LUMPUR (Sept 24): The ringgit closed easier against the US dollar on Tuesday, after some positive news in Europe kept investors away from Asian currencies, dealers said.

The local note was quoted at 3.2140/2170 per US dollar, from 3.1970/1010 on Monday.

A dealer said investors were currently awaiting the German business sentiment data for September, which would be released soon.

"There's market talk that the data could beat forecast and the 16-month high in August," he said.

Meanwhile, the local currency declined against most major currencies.

The ringgit was lower versus the Singapore dollar at 2.5614/5654, from 2.5541/5583 on Monday, and was marginally weaker against the yen at 3.2422/2459, from 3.2306/2353 yesterday.

It depreciated against the British pound to 5.1363/1424, from 5.1289/1366 on Monday, and declined against the euro to 4.3370/3417, from 4.3227/3290 yesterday.