Ringgit ends lower against US dollar

27 May 2015 / 20:35 H.

    KUALA LUMPUR: The ringgit continued to contract against the US dollar in line with most emerging Asian currencies on Wednesday.
    At 5pm, the local unit fell against the greenback to 3.6360/5390 from 3.6285/5315 on Tuesday.
    A dealer attributed the weaker Asian currencies, including the ringgit, to solid US economic data which may prompt the US Federal Reserve to raise interest rates this year.
    The ringgit was traded mixed against other major currencies.
    It was slightly higher against the Singapore dollar at 2.6967/6008 from 2.6894/6936 on Tuesday and rose against the yen to 2.9542/9576 from 2.9553/9580, previously.
    The local currency traded lower against the British pound at 5.5998/6062 from 5.5893/6951 on Wednesday and eased against the euro to 3.9701/0745 from 3.9514/0562 yesterday. – Bernama

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