Ringgit ends higher against US dollar

KUALA LUMPUR: The ringgit ended higher against the US dollar today as investors' interest shifted away from the greenback, following the release of the US Federal Reserve's (Fed) meeting minutes yesterday.
At 6pm, the local unit was traded at 4.4370/4440 against the US dollar versus 4.4470/4510 yesterday.
A dealer said most Asian currencies would likely see weekly gains against the greenback due to expectations the Fed would probably wait until the second quarter to raise interest rates, rather than in March.
"Furthermore, sentiment towards the US dollar was hurt by uncertainties around the tax reform plan of US President Donald Trump's administration," he added.
Meanwhile, the local note was traded lower against other major currencies.
It fell against the Singapore dollar to 3.1612/1666 from 3.1452/1485 yesterday and versus the yen, it decreased to 3.9440/9513 from 3.9278/9323 on Thursday.
Vis-a-vis the euro, the ringgit depreciated to 4.7001/7084 from 4.6894/6954 yesterday and declined against the British to 5.5622/5719 from 5.5467/5535 previously. — Bernama