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At 8am, the local currency slightly rose to 4.0690/4.0750 against the greenback.
The ringgit opened slightly higher against the dollar amid hopes of US-Iran talks progress.
Summarised automatically by AI from the original article by Free Malaysia Today. AI can make mistakes, so check the original for details.
Also reported by New Straits Times
KUALA LUMPUR: The ringgit opened marginally higher against the US dollar on Tuesday amid signs of progress in diplomatic talks between Washington and Tehran.
At 8am, the local note slightly rose to 4.0690/4.0750 against the greenback from yesterday’s close of 4.0695/4.0735.
Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid said US-Iran diplomatic talks could lead to the reopening of the Straits of Hormuz.
Brent crude oil prices fell significantly by 8.12% to US$104.21 per barrel.
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