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Thursday, 5 November 2026

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

By Chee Liang CFA3 min read

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

    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.