Ringgit closes lower against US dollar
The ringgit closed lower against the US dollar for the third day, dampened by weak risk appetite among investors, dealers said.
At the close, the local note fell against the greenback to 3.1461/1490 from 3.1440/1470 on Tuesday.
"The prudent 2014 Budget's sentiment was overshadowed by the
highly-anticipated outcome of the two-day US Federal Reserve meeting, which will be concluded Wednesday (US time).
"If it decides to start reducing its monetary stimulus it will affect global foreign exchange markets," he told Bernama.
Against other major currencies, the ringgit was traded mixed.
It closed higher versus the yen to 3.2031/2070 from 3.2191/2228 on Tuesday and increased to 5.0504/0563 from 5.0519/0580 yesterday.
Against the Singapore dollar, the local note declined to 2.5398/5430 from 2.5357/5389 yesterday and dropped to 4.3306/3352 from 4.3241/3285 on Tuesday.-- Bernama