,KUALA LUMPUR (Bernama) -- The ringgit ended lower against the US dollar today, in line with most other emerging currencies as more investors shifted towards the safe-haven currencies, dealers said.At 6 pm, the local note was lower at 4.2380/2420 versus the greenback compared with 4.2270/2300 at Monday's close.The market was closed yesterday in conjunction with the Awal Muharram public holiday.A dealer said there was growing concerns among investors after the US job data released recently showed strong wage gains, strengthening the case for a tighter monetary policy."The worries over escalating COVID-19 cases locally continue to give negative sentiment to the market."However, the steady benchmark Brent crude oil prices which stood at above US$70 per barrel, has halted the local note from dipping further," he told Bernama.At press time, the benchmark Brent crude oil rose 0.3% to US$70.84 per barrel.The Ministry of Health reported 20,780 new COVID-19 cases on Wednesday, the country’s second highest daily figure ever, just behind the 20,889 cases recorded on Aug 6 and bringing the cumulative total infections to 1,320,547 cases.Meanwhile, the local note was traded higher against a basket of major currencies.The ringgit rose against the Japanese yen to 3.8253/8292 from 3.8382/8413 at Monday’s close and appreciated vis-a-vis the euro to 4.9623/9670 from 4.9718/9753.It strengthened against the Singapore dollar to 3.1159/1191 from 3.1179/1206 and was higher against the British pound at 5.8539/8595 from 5.8717/8759 previously.
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