Malaysian Ringgit Ends Marginally Higher Against US Dollar

KUALA LUMPUR, Sept 21 (Bernama) -- The Malaysian ringgit closed marginally higher against the US dollar on Wednesday as investors returned to emerging currencies, including ringgit, a dealer said. At 6 pm, the ringgit was quoted at 4.1350/1430 against the greenback from 4.1370/1410 on Tuesday. A dealer said that most investors were relieved after the Bank of Japan decided to maintain interest rates and modify its policy framework at its two-day policy meeting which ended Wednesday. "The attention has now shift to the US Federal Reserve which was expected to also maintain interest rates at 0.25 per cent to 0.50 per cent at the end of its two-day policy meeting, signalling a possible rate hike by year-end," he said. Meanwhile, the ringgit was traded mixed against a basket of major currencies. The ringgit appreciated against the euro to 4.6085/6190 from 4.6276/6325 yesterday and eased against the Singapore dollar to 3.0389/0459 from 3.0357/0408 on Tuesday. It strengthened against the British pound to 5.3743/3871 from 5.3785/3862 on Tuesday and declined against the yen to 4.0711/0810 from 4.0650/0702 previously. --BERNAMA