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Ringgit ends lower against US Dollar
Last update: 16/05/2018

KUALA LUMPUR, May 16 (Bernama) -- The ringgit closed lower against the US dollar today on better demand for the greenback, following a surge in US bond yields.

At 6 pm, the ringgit was quoted at 3.9650/9700 against the US dollar from yesterday's close  3.9540/9580.

A dealer said the local unit's decline was in line with the downtrend in Asian currencies as foreigners heavily sold in Asian bond markets.

"Malaysian bonds saw foreign outflows of US$1.2 billion in April," he added.

Meanwhile, the local note traded mostly higher against a basket of major currencies, except against the yen whereby it fell to 3.5993/6042 from 3.5972/6081 yesterday.

It rose against the Singapore dollar to 2.9530/9569 from 2.9578/9617, appreciated vis-a-vis the British pound to 5.3416/3500 from 5.3565/3635 and increased against the euro to 4.6811/6886 from 4.7155/7211.

-- BERNAMA