Ringgit reverses gains against US dollar


KUALA LUMPUR: The ringgit reversed yesterday’s gains and ended lower against the US dollar on Friday, tracking other Asian currencies as the risk aversion wave by equities as well as higher US Treasury yields saw investors pile into US dollars.

At 6pm, the local currency fell to 4.3650/3680 against the greenback from Thursday’s close of 4.3465/3515.

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