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Ringgit closes flat against US dollar

KUALA LUMPUR: The ringgit closed flat against the US dollar today as it consolidated from the recent sell-off, said a dealer.

At 5pm, the ringgit was quoted at 3.2790/2820 against the greenback from 3.2790/2810 on Monday.

A dealer said the local currency edged up a bit in a choppy market condition, but the overall direction was still determined by the greenback as it took a breather from the recent long rally.

Meanwhile, the local unit was traded lower against other major currencies, except for the euro.

The ringgit fell against the yen to 2.9929/9959 from Monday's 2.9902/9933, depreciated against the British pound to 5.3235/3293 from 5.3208/3247 and was lower against the Singapore dollar to 2.5730/5763 from 2.5691/5715 on Monday.

However, it gained against the euro to 4.1509/1557 from 4.1561/1590 yesterday.-- Bernama

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