KUALA LUMPUR: The ringgit was traded lower against the US dollar today as buyers' appetite were more on the greenback's favour due to worries about fiscal and monetary policy in the United States, a dealer said.
At 9.14 am, the ringgit was quoted at 3.2570/2610 per US dollar from 3.2270/2300 on Friday.
The dealer said the sentiment has affected most emerging Asian currencies with the Indonesian rupiah and local note leading a regional slide.
"Last week, the ringgit's gains were capped by renewed expectations that the Federal Reserve may scale back its stimulus soon," the dealer added.
Against other major currencies, the ringgit fell against the Singapore dollar to 2.5903/5951 from Friday's close at 2.5691/5725 and was lower versus the yen to 3.3316/3374 from 3.2705/2752 last week.
The local currency weakened against the British pound to 5.2646/2724 from 5.1832/1893 last week and declined against the euro to 4.3947/4014 from 4.3577/3624 Friday.-- BERNAMA
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