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Ringgit Opens Slightly Higher as Lower Oil Prices Ease Pressure on Sentiment

By Chee Liang CFA4 min read

Kuala Lumpur, 29 June 2026 – The ringgit opened slightly higher against the US dollar on Monday, supported by lower crude oil prices and cautious optimism surrounding ongoing negotiations between the United States and Iran.

The local currency traded at 4.0855/4.0950 against the greenback in early trade, reflecting modest support after recent volatility in regional foreign-exchange markets. The move came as oil prices softened, easing concerns over imported inflation and reducing pressure on Malaysia’s external balances.

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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.