KUALA LUMPUR: The ringgit closed lower against the US dollar today as investors shifted their interest to the greenback, a dealer said.
At 5pm, the ringgit was quoted at 3.2330/2350 against the greenback from 3.2260/2290 on Thursday.
A dealer told Bernama the US Federal Reserve's policy review that was conducted on September 16-17 had not been concluded but might result in an interest rate hike sooner than previously forecast, which in turn had a positive effect on the greenback today.
Meanwhile, the local unit was traded lower against other major currencies, except for the Japanese yen.
The ringgit rose against the yen to 2.9691/9723 from Thursday's 2.9711/9749 but decreased against the euro to 4.1625/1664 from 4.1573/1625 yesterday.
Against the British pound, it depreciated to 5.2957/2999 from 5.2600/2659 on Thursday and was lower against the Singapore dollar to 2.5515/5551 from 2.5456/5493 previously.-- Bernama