Malaysia Ringgit little changed versus US dollar

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(The Malay Mail)

The ringgit opened little changed against the stronger US dollar today.

At 9.05am, the local currency stood at 4.0380/0430 against the US dollar from yesterday’s close of 4.040/0440.

Axi chief global market strategist Stephen Innes said the ringgit was trading weaker following the yuan’s lead, as was the rest of Asia with US real rates on the rise.

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