KUALA LUMPUR, Dec 12 — The ringgit closed lower against the US dollar today as the greenback moved higher ahead of interest rate decisions from multiple central banks.
At 6 pm, the local note was traded at 4.4150/4200 against the US dollar versus 4.4010/4080 at the close last Friday.
SPI Asset Management managing director Stephen Innes said worries about a global recession ahead of the potential rate hikes this week led to weaker risk sentiment in the Asian market. — Bernama