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Ringgit ends 3-day trading week lower

KUALA LUMPUR: The ringgit ended the three-day trading week lower against the US dollar, in line with other Asian currencies and ahead of the extended Chinese New Year holiday.

At 5 pm, the local note was quoted at 3.6180/6230 against the greenback from 3.5845/5875 yesterday.

The local market will be cut short due to the Chinese New Year celebrations on Thursday and Friday.

Meanwhile, a dealer said traders’ focus would now be shifted to the US Federal Reserve’s latest policy meeting minutes to be released later today.

The ringgit was also traded lower against other currencies.

Against the Singapore dollar, it weakened to 2.6597/6653 from yesterday’s 2.6442/6474 and slid against the yen to 3.0363/0407 from 3.0211/0246 previously.

The ringgit ended lower against the pound at 5.5580/5671 from 5.5008/5061 recorded on Tuesday and depreciated against the euro to 4.1267/1335 from 4.0688/0729. – BERNAMA

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