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News Analysis
thestar.com.my

www.thestar.com.my ·

Negative

Ringgit Opens Slightly Higher Against US Amid Middle East Developments

OilJapaneseWorldlanguages JapaneseThai

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AI insight

AI-generated

Slight ringgit appreciation driven by US dollar weakness amid US-Iran negotiations and stable oil prices. Mechanism is FX passthrough: oil-importing Malaysia benefits from stable crude prices, reducing import costs and supporting ringgit. Impact is country-specific (Malaysia) with global oil price context.

Signals our AI researcher identified

Extracted by our AI model from this article and related public sources — not direct quotes from the publisher.

  • Ringgit opened at 3.9705/9760 vs Monday's close of 3.9720/9770.
  • US-Iran negotiations ongoing; Trump reportedly called off attack on Iran.
  • WTI crude at US$108.66/bbl, Brent at US$112.10/bbl.
  • US dollar index fell 0.34% to 98.947 points.
  • Ringgit weakened against GBP, EUR, THB but edged higher against IDR.
Sector verdictCOMMODITY_OILFlatmagnitude 2/3 · confidence 3/5

Oil prices likely range-bound at $105-115/bbl over 1-4 weeks amid stable demand.

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Sector impact at a glance

  • COMMODITY_OILmid
  • COMMODITY_OILshort
  • EM_MARKETSshort
  • FX_USDshort

About the publisher

thestar.com.my is one of the en-language news outlets that News Analysis aggregates. Coverage from this source appears in our global feed alongside the publisher's own reporting.

Topic context

thestar.com.my files this story under "oil" in the GDELT knowledge graph. News Analysis surfaces coverage based on the same open classification taxonomy.

Ringgit Opens Slightly Higher Against US Amid Middle East Developments — News Analysis