Ringgit opens nearly flat amid slight uptick in DXY


KUALA LUMPUR: The ringgit opened nearly flat against the US dollar on Wednesday, as the US Dollar Index (DXY) edged up slightly to 100.215 points after staying below the 100-point mark in recent days.

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid attributed the market’s cautious tone to ongoing uncertainties surrounding United States (US) tariff policies.

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