Ringgit ends marginally lower versus US dollar

KUALA LUMPUR: The ringgit ended marginally lower against the US dollar today, amid the tapering of global oil prices, said dealers.
At 6pm, the local note was quoted at 3.9170/9200 versus the greenback from 3.9150/9190 on Thursday.
Oanda Corp Asia Head of Trading for Asia Pacific Stephen Innes told Bernama, the crude oil market continued to communicate concern over rising levels of shale production.
"On other developments, we believe US interest rates are in the process of topping but until we get a definitive signal from the new Federal Reserve chair, Jerome Powell, hopefully, next week, we should expect offshore flows to remain light in the short-run," he said.
Meanwhile, the benchmark Brent crude traded 0.44% lower at US$65.82 (RM258) per barrel.
The ringgit, meanwhile, traded lower against a basket of major currencies.
It declined against the Singapore dollar to 2.9607/9639 from Thursday's 2.9592/9629 and depreciated against the yen to 3.6642/6677 from 3.6476/6517 yesterday.
The local unit also decreased against the British pound to 5.4705/4762 from 5.4368/4439 and eased against the euro to 4.8203/8255 from 4.8123/8188 on Thursday. — Bernama