Ringgit closes lower in reaction to higher US dollar index ...Middle East

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Ringgit closes lower in reaction to higher US dollar index
KUALA LUMPUR: The ringgit continued to close lower against the US dollar today in reaction to a higher US dollar index (DXY).At 6 pm, the local note fell to 4.5250/5275 versus the greenback from yesterday’s closing rate of 4.4975/5005.Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the ringgit weakened after the DXY increased 0.4 per cent to 102.96 points from 102.56 points.He said the latest jobless rate for United Kingdom’s (UK) economy suggested that its labour market is softening as the unemployment rate rose further to 3.9 per cent in March from 3.8 per cent previously, representing a second month of increase after maintaining the rate at 3.7 per cent for sev

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