Kuala Lumpur, April 14, 2026 – The Europe Today: The Malaysian ringgit strengthened significantly at the opening on Tuesday, rising 135 basis points to rebound to the 3.96 level against the United States dollar, supported by improved global risk sentiment amid expectations of renewed negotiations between the US and Iran.
At 8:00 a.m., the ringgit appreciated to 3.9600/9715 against the US dollar, compared to 3.9735/9805 at Monday’s close.
According to Mohd Afzanizam Abdul Rashid, Chief Economist at Bank Muamalat Malaysia Bhd, recent developments in the global oil market—driven by reports of a potential second round of US–Iran negotiations—have led to a decline in crude oil prices, with West Texas Intermediate (WTI) and Brent falling below $100 per barrel.
He noted that the prospect of diplomatic progress has raised hopes for an amicable resolution, although uncertainties remain given the evolving nature of the situation.
Meanwhile, the US dollar, traditionally considered a safe-haven currency, weakened slightly as US Treasury yields declined. The two-year and 10-year yields fell by two basis points to 3.77 percent and 4.29 percent, respectively, while the US Dollar Index (DXY) slipped by 0.23 percent to 98.425 points.
Mohd Afzanizam indicated that the market is currently in a cautious “risk-on” mode, suggesting that the ringgit may continue to see modest gains but is likely to trade within a narrow range of RM3.96 to RM3.98 throughout the day.
The currency’s movement reflects broader global market sentiment, closely tied to geopolitical developments and investor expectations surrounding ongoing diplomatic efforts.
