Ringgit closes with little change against US dollar
KUALA LUMPUR, May 25 — The ringgit was little changed against the greenback at the close today on short covering activities amid bearish sentiment, dealers said.
At 5pm, the ringgit was quoted at 3.1510/1550 to a US dollar compared with 3.1531/1561 at yesterday's closing.
Dealers said the ringgit inched up on demand after recent losses although investors were nervous about the European debt crisis and global economic health.
Against other major currencies, the local unit appreciated against the Singapore dollar to 2.4619/4670 from 2.4676/4709 Thursday and rose against the yen to 3.9575/9641 from 3.9702/9744.
The local unit was higher against the British pound at 4.9335/9407 from 4.9400/9456 Thursday but depreciated against the euro at 3.9627/9690 from 3.9578/9622. — Bernama