May 15: Ringgit closes slightly lower against US dollar

 Publish date: Tue, 15 May 2018, 08:54 PM

KUALA LUMPUR: The ringgit closed marginally lower against the US dollar today as the greenback strengthened against emerging Asian market currencies.

At 6pm, the ringgit was quoted at 3.9540/9580 against the US dollar, from Monday's close of 3.9480/9530.

Meanwhile, former Bank Negara Malaysia Governor Tan Sri Zeti Akhtar Aziz said today that the ringgit will perform better once investors' confidence in Malaysia's strong economy is restored.

The local note also traded lower against a basket of other major currencies.

It eased against the Singapore dollar to 2.9578/9617 from 2.9564/9598 on Tuesday, and fell versus the yen to 3.5972/6081 from 3.5966/6003.

The ringgit depreciated vis-a-vis the British pound to 5.3565/3635 from 5.3555/3599, and declined against the euro to 4.7155/7211 from 4.7111/7163. - BERNAMA

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