Ringgit rises as softer US inflation boosts rate cut expectations


KUALA LUMPUR: The ringgit extended its uptrend against the US dollar on Wednesday, supported by a 0.43 per cent drop in the US Dollar Index (DXY) to 98.097 after the headline US inflation rate came in lower than expected.

At 8 am, the local note rose to 4.2115/2285 against the greenback from Tuesday’s close of 4.2290/2320. 

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