During the week, the ringgit rebounded against the US dollar on Thursday as gains in share prices on the local bourse helped to boost demand for the local currency.

"However, government intervention could cap advances in Asian currencies," a dealer said.

The ringgit ended the week weaker against the US dollar, reversing its earlier gains as it came under selling pressure on suspected intervention by the authorities to rein in the ringgit's advance.

The dealers said the authorities tracked the movements of regional currencies, especially Asian.

On Friday, the Singapore dollar advanced against the US dollar but its strength was capped by concerns about possible intervention by the central bank.

It was also widely believed that the Thai central bank intervened in the market to contain the baht's advance.

On a week-to-week comparison, the ringgit ended the week lower against the US dollar at 3.5170/5210 from 3.4990/4020 last Friday.

The ringgit also weakened against the Singapore dollar at 2.4363/4414 on Friday, down from 2.4343/4384 last Friday, and was also weaker against the Japanese yen at 3.6939/7001 from 3.6770/6813 previously.

However, the local currency strengthened against the British pound at 5.8220/8304 on Friday from 5.8507/8571 last Friday as well as against the euro at 5.0223/0297 from 5.0239/0292 previously.link...