Malaysian Ringgit Ends Almost Flat Against Greenback

KUALA LUMPUR, May 11 (Bernama) – The Malaysian ringgit closed marginally lower against the US dollar Thursday as the greenback continued to surge against other major currencies, a dealer said. At 6 pm, the local note was quoted at 4.3460/3510 against the greenback from 4.3450/3490 on Tuesday. A dealer said the local currency opened lower against the greenback but improved thereafter due to the steady performance on the equity market following a jump in crude oil prices. However, the US dollar continued to strengthen against other currencies, bolstered by the surge in oil prices and a modest recovery in US Treasury yields. At close, the ringgit was traded higher against other major currencies except the Singapore dollar. It improved versus the British pound to 5.6159/6228 from 5.6172/6228 on Tuesday, was better against the euro at 4.7232/7304 from 4.7378/7435 and rose against the Japanese yen to 3.8059/8113 from 3.8205/8250 on Tuesday. The local unit fell against the Singapore dollar to 3.0849/0893 from 3.0818/0857, previously. -- BERNAMA