KUALA LUMPUR: The ringgit closed lower in tandem with most Asian emerging currencies as many investors stayed on the sidelines due to uncertainty over the US-China trade negotiations, dealers said.
At 6pm, the ringgit fell to 4.0720/0770 against the greenback compared with Thursday’s close of 4.0650/0680.
A dealer said the US dollar was steady against major rivals on Friday, supported by rising US Treasury yields after the data showed that the US economy grew 2.6 per cent in the fourth quarter.
The ringgit, however, traded higher against other major currencies.
It rose against the Japanese yen to 3.6383/6438 from 3.6688/6718 on Thursday and appreciated against the Singapore dollar to 3.0105/0146 from 3.0140/0167.
The local note increased versus the euro to 4.6258/6319 from 4.6304/6343 and gained versus the British pound to 5.3921/3000 from 5.4065/4108 yesterday.