The ringgit closed lower against the US dollar today in line with other Asian currencies as investors return to safe haven assets, dealers said.
At the close, the local currency eased against the greenback to 3.2090/2110 from 3.1998/1018 on Monday.
A dealer said the greenback was spurred by market talk that the US Federal Reserve (Fed) would start reducing its stimulus after last week's bullish jobs data.
He said the Fed was expected to taper its US$85 billion-a-month bond-buying programme sooner rather than later after US employers added more than 200,000 new jobs last month.
The ringgit traded mostly lower against other major currencies today.
The local note depreciated against the Singapore dollar to 2.5674/5709 from 2.5617/5653, but improved against the yen to 3.2199/2232 from 3.2298/2332 on Monday.
Against the British pound, the ringgit increased to 5.1168/1212 from 5.1245/1293 and slid to 4.2946/2979 from 4.2817/2853 against the euro.-- Bernama
