A dealer attributed the uninspiring performance of the local currency to the lack of a push factor.

At 6pm, the local note rose slightly vis-a-vis the greenback to 4.7350/4.7375 from 4.7380/4.7395 last Friday.

A dealer said traders have been focusing on the dollar and would continue to do so, capitalising on the rising greenback and US treasury yields.

“We expect the traders will continue to watch the US dollar movement closely, which in turn will dampen the demand for the local note,” he added.

Meanwhile, the ringgit weakened against a basket of major currencies from last Friday’s closing.

The local currency fell against the euro to 4.6711/4.6735 from 4.6139/4.6153 last Friday and eased vis-a-vis the British pound to 5.3600/5.3628 from 5.2677/5.2694 at the previous close.

It was marginally lower against the Singapore dollar to 3.3233/3.3253 from 3.3144/3.3157 previously and versus the Japanese yen, it weakened to 3.1804/3.1823 from 3.1384/3.1396 on Friday’s close.