Ringgit Ends Marginally Lower Against Greenback

KUALA LUMPUR, Feb 3 (Bernama) -- The ringgit closed lower against the US dollar Friday as the greenback recovered from its weakest level against other major currencies since November last year, dealers said. At 6 pm, the local unit closed at 4.4260/4300 against the US dollar from Thursday's close of 4.4220/4260. A dealer said the dollar was steady against major rivals on Friday, as investors eyed the release of a key US employment report due later in the day for further market direction. He said however the slide in the greenback also took a breather as investors were still digesting the Federal Reserve's most recent policy statement. Meanwhile, the ringgit was traded higher against a basket of major currencies. It rose against the yen to 3.9123/9165 from 3.9314/9367 on Thursday and improved against the Singapore dollar to 3.1292/1330 from 3.1375/1424 Thursday. The local unit gained against the British pound to 5.5250/5304 from 5.6142/6197 and increased against the euro at 4.7535/7600 from 4.7815/7872 previously. -- BERNAMA