KUALA LUMPUR: The ringgit opened higher against the US dollar on Thursday, supported by easing geopolitical tensions in the Middle East.
At 8am, the local currency strengthened to 3.9655/3.9710 against the greenback from Wednesday’s close of 3.9675/3.9715.
Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid said crude oil prices eased after US president Donald Trump indicated that negotiations between the US and Iran were in their final stages.
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