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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 Mon 21 Oct 2013, 19:31

Ringgit closes lower against US dollar
Business & Markets 2013
Written by Bernama   
Monday, 21 October 2013 17:28
KUALA LUMPUR (Oct 21): The ringgit closed lower against the US dollar today as investors remained on the sidelines ahead of the Budget 2014 announcement this coming Friday, dealers said.
At 5 pm, the domestic currency was quoted at 3.1680/1720 against the greenback from last Friday's 3.1480/1510 close.
A dealer said the ringgit's weaker performance was also in tandem with most emerging Asian currencies as investors locked profits after last week's gains.
Meanwhile, the ringgit was also lower against other major currencies.
It was lower against the Singapore dollar at 2.5515/5552 from 2.5344/5370 last Friday and depreciated against the yen to 3.2290/2334 from 3.2149/2186 previously.
The local currency fell against the British pound to 5.1217/1294 from 5.0664/0725 last Friday and reduced against the Euro to 4.3300/3364 from 4.2908/2955 previously.
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