KUALA LUMPUR, Jan 22 — The ringgit was down against the US dollar at close today on expectation that the US Federal Reserve (Fed) would further cut its stimulus programme to US$65 billion from US$75 billion a month.
At 5pm, the ringgit was quoted at 3.3310/3410 versus the greenback from yesterday’s 3.3230/3250.
The Fed will announce its monthly bond purchases at end-January during its policy meeting.
Meanwhile, the ringgit traded mostly lower against other major currencies.
The local unit depreciated against the Singapore dollar to 2.6009/6035 from 2.5981/5001 yesterday and eased against the yen to 3.1840/1881 from 3.1747/1770 previously.
The ringgit fell against the British pound to 5.4659/4721 from 5.4577/4623 yesterday but strengthened against the euro to 4.4963/4014 from 4.4983/4017 previously. — Bernama
