By BERNAMA
The ringgit closed lower against the US dollar today as more investors turned to safe haven currencies on emerging concerns over the weakening oil prices.
At 5pm, the local unit ended lower at 4.3930/4000 from 4.3625/3675 against the US dollar on Tuesday.
A dealer said that the falling oil prices and that of other commodities hit the emerging currencies, resulting in investors turning to several safe haven markets, including yen.
The ringgit was traded mostly weaker against other emerging currencies.
It traded lower against the Singapore dollar at 3.0486/0539 from 3.0375/0349 on Tuesday and slipped against the yen to 3.7838/7915 from 3.7017/7072 yesterday.
It appreciated against the British pound to 6.2095/2203 from 6.2384/2481 yesterday, but weakened against the euro to 4.8152/8237 from 4.7473/7536 on Tuesday.
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