The ringgit closed lower against the greenbackfor the third day in a row as the greenback strengthened, an analyst said.
The local currency slipped to 4.4225/4260 against the US dollar at 6pm from yesterday's close of 4.4185/4200.
Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said theringgit remained weak against the US dollar, hovering around RM4.42.
"This is because risk aversion continues to prevail, leading to increased demand for the dollar.
"The immediate resistance is around RM4.44.
"We think the ringgit is still weak for now given the US recession fears," he said.
This month, the market should see another round of the U.S. Federal Open Market Committee (FOMC) meeting between July 26 and 27, he added.
"While 50 to 75 basis points are already factored in, the wording in the accompanying statement is more critical as to whether the FOMC's economic assessment may change," he added.
Meanwhile, the ringgit was mixed against a basket of major currencies.
The local currency rose to 5.2800/2842 against the pound from 5.3168/3186 yesterday and to 4.5220/5256 against the euro from 4.5511/5526.
However, the ringgit weakened against the yen to 3.2682/2710 from 3.2530/2543 and weakened against the Singapore dollar to 3.1504/1531 from 3.1486/1502 yesterday.
