KUALA LUMPUR: The ringgit strengthened to the 3.99 level against the US dollar, supported by improved market sentiment after US President Donald Trump announced a two-week pause in military action against Iran following talks with Pakistani leaders. At 8 am, the local currency rose 0.67 per cent to 3.9975/4.0050 against the greenback, compared with Tuesday’s close of 4.0275/0320. Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said Trump had agreed to a two-week truce, describing the move as a "double-sided ceasefire”. ALSO READ: Ringgit closes nearly flat versus greenbackAt the opening, the ringgit strengthened against the Japanese yen to 2.5187/5238 from 2.5229/5258 at Tuesday’s close. It depreciated against the euro to 4.6719/6806 from 4.6566/6618, and eased versus the British pound to 5.3570/3671 from 5.3425/3484.

Source: The Star April 08, 2026 05:59 UTC