Ringgit ends lower against the US dollar

KUALA LUMPUR: The ringgit closed lower against the US dollar as investors remained cautious regarding the United States (US) debt ceiling vote later today.

Bank Muamalat Malaysia Bhd chief economist and social finance head Dr Mohd Afzanizam Abdul Rashid said the main issue is still the same, the US debt ceiling, and given that some Republican congress members seem not agreeable to the current deal, the risk of a delay in the decision-making is something that markets cannot completely rule out.