Ringgit closes easier against US dollar
The ringgit closed easier against the US dollar today on mild profit taking ahead of the weekend, dealers said.
The local note was quoted at 3.2270/2300 to the US dollar from 3.2130/2160 yesterday.
An analyst said investors were concerned over the US budget and a
lack of clarity over when the Federal Reserve would begin scaling back its stimulus programme.
He said the dollar would take direction from US data and if the numbers show a recovery, the greenback could gain once the political battle in Washington over fiscal issues are over.
Meanwhile, the ringgit was mostly lower against most major currencies.
It declined against the Singapore dollar to 2.5691/5725 from 2.5605/5648 on Thursday and was marginally weaker versus the yen at 3.2705/2752 from 3.2550/2597 yesterday.
It depreciated against the British pound to 5.1832/1893 from 5.1565/1630 yesterday and depreciated against the euro to 4.3577/3624 from 4.3411/3458 on Thursday.-- Bernama