Ringgit closes lower against US dollar

Business & Markets 2013
Written by Bernama
Friday, 06 December 2013 18:18
A + A - Reset
KUALA LUMPUR (Dec 6): The ringgit closed lower against the US dollar for the
fourth consecutive day today, as investors shifted interest to the safe haven
currencies, dealers said.
At 5pm, the ringgit was quoted at 3.2320/2350 against the dollar, from
3.2250/2290 on Thursday.
A dealer said more investors had turned to euro since yesterday, after the
European Central Bank gave no fresh hint that it would ease policy anytime
soon.
"Its President Mario Draghi said the bank was ready to take fresh policy action,
to support a fragile recovery. However, he was light on details, including
whether the bank would use a negative deposit rate," he said.
The local unit slipped against the yen to 3.1637/1678, from 3.1590/1641
yesterday, and fell against the Singapore dollar to 2.5767/5795, from
2.5685/5737 on Thursday.
It strengthened against the British pound to 5.2821/2883, from 5.2838/2917
yesterday, and advanced against the euro to 4.3139/3187, from 4.3873/3937
on Thursday.