KUALA LUMPUR: The ringgit ended lower against the US dollar today amidst a discouraging global oil price environment, dealers said.
At 6pm, the local note was quoted at 3.9150/9190 versus the greenback from 3.9040/9080 on Tuesday.
A dealer said the US dollar rose to a more than one-week peak against a basket of other currencies late on Wednesday, extending its recovery from last week.
“As oil trading is conducted in the US dollar, a rise in the greenback also makes fuel imports for countries using other currencies domestically more expensive,” he added.
Meanwhile, the ringgit traded mixed against other major currencies.
It declined against the Singapore dollar to 2.9592/9629 from Wednesday's 2.9551/9595, and depreciated against the yen to 3.6476/6517 from 3.6316/6364.
The local unit increased against the British pound to 5.4368/4439 from 5.4531/4599, and appreciated against the euro to 4.8123/8188 from 4.8144/8209. – BERNAMA