KUALA LUMPUR: The ringgit opened mostly higher against major currencies today but eased slightly against the US dollar as investors stayed cautious over ongoing United States-Iran negotiations.
At 8 am, the local currency fell to 3.9670/9770 against the greenback from Tuesday’s close of 3.9660/9705.
Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid told Bernama uncertainties revolving around war in Iran continue to dominate market sentiment, despite major equity bourses reaching record highs, such as the US.
“There are to be conflicting signals. The Iranian state news agency seems to suggest that the negotiation is proceeding well. But US President Donald Trump remains hostile, especially with his remarks about the Straits of Hormuz that there should not be any country controlling it,” he said.
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