KUALA LUMPUR, Sept 3 — The ringgit closed lower against the US dollar today on continued selling of the emerging currencies, including the local unit, a dealer said.

At 5pm, the ringgit was quoted at 3.1800/1830 to the US dollar from 3.1766/1786 yesterday.

The dealer said euro surged against major currencies today after Ukraine President Petro Poroshenko announced an agreement with Russia’s Vladimir Putin for a ceasefire in eastern Ukraine’s Donbass region.

He said the announcement blew some comfort air to the euro zone economy, which has borne the brunt of the impact of the conflict.

The local unit was traded mostly lower against other major currencies.

The ringgit decreased against the yen to 3.0294/0332 from Yesterday’s 3.0285/0316 and declined against the euro to 4.1769/1812 from 4.1664/1697 yesterday.

Against the British pound, it rose to 5.2406/2465 from 5.2535/2584 yesterday but fell against the Singapore dollar to 2.5395/5438 from 2.5338/5372 yesterday. — Bernama