KUALA LUMPUR, July 21 — The ringgit closed unchanged against the US dollar today amid a lack of fresh catalysts to move the market and despite the weak sentiment on the greenback, dealers said.
As at 6pm, the local unit stood at 4.2600/2650 against the US dollar, the same as at yesterday’s close.
A dealer said the US dollar lost its traction as safe-haven currency following positive news on the Covid-19 vaccine front.
“Although the Covid-19 cases are increasing in many parts of the world, news of potential vaccine has somewhat stabilised sentiment in the market.
“The US dollar is on the verge of declining; unfortunately, it was not enough to push the ringgit higher,” he told Bernama.
Meanwhile, the ringgit was traded mostly lower against other benchmark currencies.
It fell against the Singapore dollar to 3.0654/0697 from 3.0639/0681 on Monday, decreased versus the British pound to 5.4047/4127 from 5.3625/3701 and weakened against the euro to 4.8743/8817 from yesterday’s 4.8798/8860.
The local unit, however, rose vis-a-vis the Japanese yen to 3.9717/9774 from 3.9720/9771 previously. — Bernama
