Ringgit closes sharply lower against USD
The ringgit closed sharply lower against the US dollar today on continued selling pressure on the local currency in line with losses in regional equity markets ahead of the US Federal Reserve's monetary meeting next week, dealers said.
The ringgit was quoted at 3.2880/2920 for a US dollar from 3.2760/2800 yesterday.
The local currency weakened against major currencies.
The ringgit was lower against the Singapore dollar at 2.5876/5913 from 2.5834/5861 yesterday and easier against the yen at 3.2979/3036 from 3.2918/2975 Thursday.
The ringgit fell against the British pound at 5.1973/2050 from 5.1731/1808 yesterday and easier against the euro at 4.3694/3754 from 4.3531/3591 Thursday.-- Bernama