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KUALA LUMPUR (April 12): The ringgit opened flat against the US dollar today amid higher US bond yields and finicky crude oil prices.
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At 9.01 am, the local unit stood at 4.1330/1380, unchanged against 4.1330/1370 at last Friday’s closing.
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“The ringgit remains stuck in a channel trapped between higher US yields and finicky crude oil prices,” said Axi chief global markets strategist Stephen Innes.- The Edge Market