The ringgit closed lower against the US dollar today in line with most Asian emerging currencies, as risk-averse sentiments weighed down markets.

KUALA LUMPUR: The ringgit closed lower against the US dollar today in line with most Asian emerging currencies, as risk-averse sentiments weighed down markets.

At 6pm, the ringgit stood at 4.2935/2965 against the greenback, compared with Thursday’s close of 4.2900/2930.

A dealer said escalating geopolitical tension between the US and North Korea continued to dampen investment sentiments in emerging markets and contributed to losses in Asian currencies as investors swarmed safe haven assets.

Meanwhile, the ringgit closed mostly lower against a basket of major currencies.

The local note fell against the Singapore dollar to 3.1461/1495 from 3.1438/1474 on Thursday, and depreciated versus the yen to 3.9365/9396 from 3.9035/9077. It slipped versus the euro to 5.0479/0518 from 5.0232/0284 yesterday, but strengthened against the British pound to 5.5644/5696 from 5.5736/5779 on Thursday. -- BERNAMA

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