KUALA LUMPUR: The ringgit closed lower against the US dollar today after failing to maintain its earlier strong momentum in line with other Asian emerging currencies.
At 5pm, the ringgit was quoted at 3.2430/2460 against the greenback from 3.2330/2350 on Friday.
A dealer said the regional currencies edged up due to broad weakness in the dollar which prompted the investors to cut the holdings of the greenback.
However, the ringgit failed to track the momentum as the leveraged funds sold the currency.
Meanwhile, the local unit was also traded lower against other major currencies.
The ringgit fell against the yen to 2.9717/9758 from Friday's 2.9691/9723 and decreased against the euro to 4.1663/1708 from 4.1625/1664 previously.
Against the British pound, it declined to 5.3004/3059 from 5.2957/2999 on Friday and was lower against the Singapore dollar to 2.5552/5593 from 2.5515/5551 previously.-- Bernama