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KUALA LUMPUR: The ringgit again lost ground against the US dollar at close today, in line with regional emerging currencies hampered by increasing trade friction between the United States and China .
was quoted at 4.0470 / 0500 against the US dollar compared to Monday's close of 4.0380 / 0420.
A reseller said the US would start charging US $ 34 billion ($ 135 million) , 7 billion rand) on Chinese imports on Friday. However, he said the losses in the ringgit were capped by higher prices for crude oil, with Brent crude oil benchmark trading at US $ 78.01 a barrel at 6.21pm today.
The unit was traded lower against a basket of currencies
It fell against the Singapore dollar at 2.9618 / 9649 from 2.9526 / 9558 on Monday and fell against the yen at 3.6479 / 6513 from 3.6424 / 6474.
Vis-a-vis the pound, the local note fell to 5.3315 / 3371 m 5.3100 / 3156 on Monday and was weaker against the euro at 4.7156 / 7207 from 4.6994 / 7057 previously. – Bernama
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