Ringgit opens flat vs US$ amid cautious economic sentiment

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Ringgit opens flat vs US$ amid cautious economic sentiment
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The actress has confirmed what many people have suspected, that her marriage with the Chinese actor-entrepreneur is on the rocks.

KUALA LUMPUR: The ringgit opened nearly flat against the US dollar on Tuesday, as cautious sentiment surrounding the current economic outlook saw some investors turn to safe-haven assets, an economist said.

Bank Muamalat Malaysia Bhd, chief economist, Dr Mohd Afzanizam Abdul Rashid, said the greenback strengthened as the US Federal Reserve is expected to take a gradual approach in easing monetary policy. "As a result, the US Dollar Index rose to a high of 104.012 points, indicating strong demand for the greenback,” he told Bernama.

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