KUALA LUMPUR: The ringgit opened slightly higher against the US dollar on Tuesday as market sentiment continued to focus on developments in the Middle East.
At 8am, the local unit rose to 3.9705/3.9760 against the greenback from Monday’s close of 3.9720/3.9770.
Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid said market sentiment continued to revolve around the situation in the Middle East, as the US and Iran continued negotiations for a resolution, which, to a large extent, remained highly elusive.
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