Ringgit closes lower against US dollar

KUALA LUMPUR: The ringgit closed lower against the US dollar today on lack of buying interest, said a dealer.
At 6pm, the local unit was traded at 4.4370/4400 against the greenback from Tuesday's close of 4.4330/4370.
The dealer said the US dollar received a boost from President Donald Trump's move to support the country's oil industry.
On Tuesday, Trump signed orders to expand energy infrastructure.
Meanwhile, the ringgit was traded mostly lower against a basket of major currencies.
It rose against the yen to 3.9068/9105 from 3.9143/9182 but declined against the Singapore dollar to 3.1271/1296 from 3.1240/1273 on Tuesday.
The local unit fell against the British pound to 5.5844/5900 from 5.5302/5369 and depreciated against the euro to 4.7693/7734 from 4.7606/7653 yesterday. — Bernama