KUALA LUMPUR: The ringgit opened firmer on Tuesday, supported by improved risk sentiment amid lingering caution in global markets following the ongoing US-Iran conflict, said an analyst.
At 8am, the local currency rose to 3.9420/9605 against the greenback from Monday’s close of 3.9590/9655.
Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said US equities rebounded while US Treasury yields declined and Brent crude prices fell below US$100 per barrel after US President Donald Trump said the war in Iran could end soon.
© New Straits Times Press (M) Bhd
