Ringgit closes lower against US dollar
The ringgit closed lower against the US dollar today as traders trimmed their position ahead of the weekend, dealers said.
At 5pm, the domestic currency was quoted at 3.1550/1580 against the greenback from yesterday's 3.1480/1510 close.
A dealer said the ringgit movement was volatile throughout the day, influenced by stronger Chinese growth data, the possibility of a prolonged US economic stimulus and profit-taking ahead of the weekend.
Meanwhile, the ringgit was also lower against other major currencies.
It eased against the Singapore dollar to 2.5478/5511 from 2.5344/5370 on Thursday and depreciated against the yen to 3.2233/2267 from 3.2149/2186 yesterday.
The local currency also fell against the British pound to 5.1067/1125 from 5.0664/0725 yesterday and lost against the euro to 4.3192/3236 from 4.2908/2955 Thursday.-- Bernama