Ringgit retreats after three days of gains

Bank Muamalat's Mohd Afzanizam said the ringgit is struggling to maintain its appreciation bias.

KUALA LUMPUR: The ringgit closed lower yesterday, snapping three consecutive days of gains on profit-taking after the local note touched the immediate support level of RM4.6611 against the dollar.

At 6pm, the ringgit fell to 4.6590/6635 against the greenback from Wednesday’s close of 4.6495/6550.