Ringgit closes flat against US dollar

May 25, 2018 | By | Reply More

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KUALA LUMPUR: The ringgit closed a little changed against the US dollar today on lack of fresh buying interest, said a dealer.

At 6pm, the local unit was quoted at 3.9790/9830 against Thursday’s close of 3.9790/9820.

The dealer said investors remained in a cautious mode on the back of various factors, including declining oil prices and US bond yield, as well as US President Donald Trump’s decision to call off a planned meeting with North Korean leader Kim Jong-Un.

Meanwhile, the local unit was mixed against a basket of currencies.

The ringgit strengthened against the British pound to 5.3128/3197 from 5.3287/3339 on Thursday and increased against the euro to 4.6606/6665 from 4.6666/6709.

It declined against the Singapore dollar to 2.9721/9753 from 2.9656/9685 and eased against the yen to 3.6348/6391 from 3.6265/6299. — Bernama

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