Ringgit ends higher against US dollar amid hopes of de-escalation in US-Iran conflict
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.
The ringgit ended higher against the US dollar on Tuesday, buoyed by improving market sentiment and expectations of a de-escalation in the US-Iran conflict. The local currency rose to 4.0540/0580 against the greenback, up from Friday's close of 4.0565/0610, as US President Donald Trump suggested that further strikes against Iran were unnecessary.
The conclusion of the US midterm elections could also influence the current administration's policies, contributing to the positive trend. This development comes as the ringgit traded mostly within a narrow range against the US dollar, fluctuating between RM4.0510 and RM4.0590, and as the US Dollar Index declined by 0.14 per cent to 101.51.
Brief written by urgent.news from New Straits Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
