KUALA LUMPUR: The ringgit ended higher against the US dollar today as investors continue to analyse the implications of the recent US economic data, said an analyst.
“These data points will be pivotal for currency rates and the US dollar outlook, as the sum of the data points will be the main catalysts for the monetary policy in September’s Federal Open Market Committee meeting,” he told Bernama. It was traded mostly lower against a basket of major currencies, slipping versus the euro to 5.0482/5.0526 from 5.0221/5.0253 at Tuesday’s close and eased against the British pound to 5.8684/5.8735 from 5.8590/5.8628.At the same time, the ringgit was traded higher against other Asean currencies.
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