Ringgit ends lower against US dollar, closer to all-time low

KUALA LUMPUR: The ringgit extended last week’s downtrend to close lower against the US dollar today, nearing the all-time low of 4.725 recorded on Jan 7, 1998 as sentiment in the local market was influenced by the robust greenback.

At 6 pm, the ringgit fell to 4.7150/7185 against the US dollar from 4.7025/7065 at 6 pm last Friday.