Ringgit ends higher against US dollar

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KUALA LUMPUR (June 27): The ringgit ended higher against the US dollar today, in tandem with most emerging Asian currencies, due to the greenback's weakness.

At 5pm, the ringgit was quoted at 3.2115/2145, from 3.2170/2200 on Thursday.

A dealer said that higher ringgit was mainly driven by corporate demand and expectation of higher interest rate at Bank Negara Malaysia's next meeting in July.

Meanwhile, the ringgit was traded mostly higher against other major currencies.

The ringgit appreciated against the Singapore dollar to 2.5711/5737, from Thursday's 2.5748/5774.

It fell against the yen to 3.1662/1698, from 3.1610/1649 yesterday.

The local unit increased against the British pound to 5.4673/4733, from 5.4747/4808, and firmed against the euro to 4.3747/3794, from 4.3816/3863.