Ringgit dips as markets seek clearer signs of Iran war de-escalation

2026-03-25 - 10:50

KUALA LUMPUR: The ringgit closed weaker against the US dollar and other major currencies on Wednesday as investors awaited clearer signs of de-escalation in the Iran war. At 6pm, the local currency eased to 3.9620/3.9670 against the greenback from Tuesday’s close of 3.9530/3.9585. Bank Muamalat Malaysia Bhd chief economist Afzanizam Abdul Rashid said foreign markets appeared defensive as traders and investors eyed clearer signs of a de‐escalation in the Middle East conflict. MORE TO COME