KUALA LUMPUR, Oct 23 — The ringgit ended slightly lower against the US dollar today as market sentiment remained cautious amid concerns over artificial intelligence (AI) related share prices and declining bond yields.
Yesterday, the US Treasury yields tumbled as investors sought safety in government bonds.
At 6 pm, the ringgit eased to 4.0835/0875 against the greenback from yesterday’s close of 4.0815/0850.
Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid told Bernama that the US dollar-ringgit pair traded between 4.0813 and 4.0865 during the day.
