Ringgit closes higher amid cautious sentiment in the US

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Ringgit closes higher amid cautious sentiment in the US
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Investors are cautious ahead of US Fed chairman Jerome Powell’s Congressional testimony and tonight’s US Automatic Data Processing employment figures, says analyst.

KUALA LUMPUR: The ringgit rebounded to end marginally higher against the greenback today as the US Dollar Index retreated amid cautious sentiment in the US, an economist said.

In addition, he said the US Automatic Data Processing employment figures due today will also be a key factor in driving market sentiments.

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