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KLCI seen trending sideways, to stay above 1,760-level

Mimi Sabreena 8:08:00 AM Informasi

KUALA LUMPUR (July 25): The FBM KLCI is expected to trend sideways today and stay above the 1,760-point level as the US Fed meeting takes centre stage and news on any interest rate hike is likely to weigh on investor sentiment.

The U.S. dollar rose from its lowest in more than a year and U.S. Treasury yields climbed on Monday as investors braced for news from this week's U.S. central bank meeting and possible hints on when the next interest rate hike is coming, according to Reuters.

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