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KUALA LUMPUR (Feb 25): After closing marginally higher on Wednesday, the ringgit was traded almost unchanged against the US dollar on Thursday morning due to lack of market catalyst to drive the local currency further.
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At 9.00 am, the ringgit stood at 4.0400/0440 against the US dollar from Wednesday’s close of 4.0400/0450.
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Despite a stablising greenback, market sentiment was somewhat offset by the roll out of the national COVID-19 immunisation vaccine programme as it indicates a bright outlook for the economy.-The Edge Market