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Ringgit Strengthens as US-Iran Peace Deal Hopes Lift Market Sentiment

Kuala Lumpur, 15 June 2026 – The ringgit closed higher against the US dollar on Monday as improved global risk sentiment, driven by expectations of a US-Iran peace agreement, encouraged investors to move back into selected risk-sensitive currencies.

At 6pm, the local note rose to 4.0485/0525 against the greenback from Friday’s close of 4.0555/0600, extending its recent stabilisation as markets responded positively to signs of easing tension in West Asia.

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Author

  • 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.

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