KUALA LUMPUR: The ringgit ended marginally higher against the US dollar on Tuesday, supported by improving market sentiment amid expectations of a de-escalation of the US-Iran conflict.
At 6pm, the local currency rose to 4.0540/0580 versus the greenback from Friday's close of 4.0565/0610.
Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said this came as US President Donald Trump indicated that further strikes against Iran were unnecessary.
"The conclusion of the US midterm elections last week could also have a significant impact on the current administration's policies.
