The ringgit opened marginally higher against the US dollar on Tuesday as diplomatic talks between Washington and Tehran showed signs of progress. Bank Muamalat Malaysia's chief economist Dr Mohd Afzanizam Abdul Rashid said the talks could lead to reopening the Straits of Hormuz, and Brent crude fell 8.12% to US$104.21 per barrel. Lower yields at the latest US three- and six-month Treasury bill auctions suggested the odds of a rate hike had eased. He noted the West Asia situation remains fluid and expects the ringgit to trade in a narrow range as sentiment stays cautious.
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Related tickers and likely impact
DXY
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 11/02/2026 | 101.80 |
| Change that session | -0.16% |
XAU/USD
▼ Likely negativeRelevance: low
| Market | Gold |
|---|---|
| Close on 11/02/2026 | 3,946.68 |
| Change that session | +1.84% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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