Ringgit ends lower versus greenback amid higher US inflation data

KUALA LUMPUR: The ringgit ended lower against the US dollar as the greenback strengthened further, trading at a multi-month high after yesterday’s economic data pointing that a United States (US) inflation was nudging higher, undoing June rate-cut predictions, said an analyst.

At 6 pm, the ringgit slipped to 4.7515/7535 against the greenback from Monday’s close of 4.7285/7325.