Ringgit closes lower against US dollar

October 11, 2018 | By | Reply More

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KUALA LUMPUR: The ringgit closed lower against the US dollar on negative sentiment caused by the volatility in the global markets, dealers said.

At 6pm, the ringgit stood at 4.1580/1600 from 4.1515/1545 recorded yesterday.

A dealer said the sentiment was also weakened by the global oil prices, which traded at US$81.87 per barrel today, down by 1.47% from yesterday.

“Besides the greenback, the local note was also traded lower versus other emerging currencies,” he said.

It fell against the Singapore dollar to 3.0124/0143 from 3.0016/0048 on Wednesday and was down versus the Japanese yen to 3.7052/7080 from 3.6668/6704 yesterday.

The local note decreased against the euro to 4.8054/8094 from 4.7688/7731 yesterday and weakened against the British pound to 5.4873/4916 from 5.4601/4657 previously. — Bernama

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