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KUALA LUMPUR – The ringgit continued to open weaker versus the US dollar today as cautious sentiments prevailed ahead of the United States (US) Federal Reserve’s interest rate decision tomorrow.
At 9.06am, the local note eased to 4.6220/6270 versus the greenback, compared with yesterday’s close of 4.6175/6220.
Meanwhile, Bursa Malaysia turned mixed this morning due to selling in selected heavyweights despite the Wall Street’s uptrend overnight, as traders anticipate the United States (US) Federal Reserve (Fed) to pause its rate hike.
At 9.10am, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.0 point to 1,385.77 from 1,386.77 at yesterday’s close.
The key index opened 0.92 of-a-point firmer at 1,387.69.
The broader market was positive with advancers leading decliners 166 to 120, while 265 counters were unchanged, 1,693 untraded and 12 others suspended.
Turnover was 212.55 million units worth RM81.09 million. – Bernama, June 13, 2023