KUALA LUMPUR: The ringgit ended lower against the US dollar today as stronger-than-expected US labour market data reinforced expectations that the US Federal Reserve would maintain its restrictive monetary policy stance, boosting demand for the greenback, an economist said.
At 6pm, the local note depreciated to 4.0715/4.0760 against the US dollar from last Friday’s close of 4.0280/4.0320.
Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid said the ringgit eased by 1.04% against the US dollar, in tandem with most Asian currencies, which also traded lower against the greenback.
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