FOREX: Ringgit Closes Lower Against US Dollar

KUALA LUMPUR, Aug 11 (Bernama) -- The ringgit closed lower against the US dollar, as the greenback continued to see strong demand ahead of the conclusion of the two-day US Federal Reserve policy meeting tomorrow, dealers said.The meeting is expected to provide some direction to the greenback.Dealers said the weak performance of share prices on the local bourse also prompted investors to increase their dollar-position.The ringgit was lower against the greenback at 3.5075/5115 from 3.5010/5060 yesterday.The ringgit rose against the Singapore dollar at 2.4277/4328 from 2.4297/4346 yesterday and was lower against the yen at 3.6246/6291 from 3.5993/6048 previously.The ringgit rose against the British pound at 5.7758/7841 from 5.8264/8354 yesterday and lower against the euro at 4.9701/9783 from 4.9697/9775 previously.--BERNAMA