A Malaysia Ringgit note is seen in this illustration photo June 1, 2017. — Reuters pic
KUALA LUMPUR, June 25 — The ringgit closed lower against the US dollar today on cautious sentiment.
At 6pm, the local currency stood at 4.1440/4470 versus the greenback compared with 4.1380/1420 on Monday.
A dealer said risk sentiment was dampened by a senior US official’s remark that US President Donald Trump was “comfortable with any outcome” from the trade talks with Chinese President Xi Jinping.
“At best, markets can hope for a marked resumption of US-China trade talks. At worst, both leaders walk away to underscore the tremendous gulf that still remains in the US-China standoff,” FXTM market analyst Han Tan said.
At the close, the ringgit was lower against a basket of major currencies.
The local currency weakened against the Singapore dollar to 3.0603/0637 from 3.0555/0595 on Monday and eased against the yen to 3.8693/8724 from 3.8547/8588.
The ringgit depreciated against the pound to 5.2857/2903 from 5.2797/2864 and decreased against the euro to 4.7146/7196 from 4.7140/7202. — Bernama