Ringgit ends lower against US dollar

06 Mar 2015 / 18:16 H.

    KUALA LUMPUR: The ringgit eased against the US dollar in late trading on persistent strength of the greenback which hovered around an 11-year high against major currencies, a trader said.
    At 5pm, the local currency ended at 3.6515/6545 against the greenback versus 3.6470/6500 at Thursday's close.
    A dealer said the greenback remained firm ahead of the US non-farm payroll report for February due later today which is expected to show an increase.
    "The strong jobs data will lift the dollar higher and put further pressure on the ringgit while any dissapointment would help the currency consolidate and rebound," she told Bernama.
    However, the ringgit was traded higher against other major currencies.
    The local unit increased against the Singapore dollar to 2.6655/6681 from Thursday's 2.6657/6681 and appreciated against the British pound to 5.5550/5603 from 5.5602/5655.
    It rose against the yen to 3.0401/0436 from 3.0430/0457 yesterday and gained against the euro to 4.0148/0192 from 4.0277/0318. – Bernama

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