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Thursday, 5 November 2026

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Ringgit Eyes RM4 Break as US-Iran Peace Deal Boosts Market Sentiment

By Chee Liang CFA4 min read

Kuala Lumpur, 16 June 2026 – The ringgit could test the psychologically important RM4 level against the US dollar after a US-Iran peace deal lifted global risk appetite, weakened the greenback and eased concerns over energy-market disruption.

The local note has already strengthened on improved market sentiment, closing firmer at 4.0485/4.0525 against the US dollar as investors responded to the possibility of lower oil-price pressure, softer US Treasury yields and a more favourable environment for emerging-market currencies.

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Author

  • Chee Liang CFA

    Chee Liang CFA specializes in financial advice and global economic trends, delivering clear insights to help readers navigate markets, investments, and the shifting dynamics of the world economy.