Ringgit eases on oil surge, Iran war - News Summed Up

Ringgit eases on oil surge, Iran war


KUALA LUMPUR: The ringgit eased against the US dollar and other major currencies on Monday as heightened geopolitical risks strengthened the greenback after Brent crude oil prices surged sharply, with the local currency continuing to be affected by the ongoing war in Iran. At 6 pm, the local currency slipped to 3.9590/9655 against the greenback from Friday’s close of 3.9425/9535. At the time of writing, Brent crude oil price rose 12.16 per cent to US$104.75 per barrel. "The ringgit continues to be affected by the war in Iran. The ringgit appreciated vis-à-vis the Thai baht to 12.3345/3617 from 12.3392/3810 on Friday and gained versus the Philippine peso at 6.65/6.67 from 6.68/6.70.


Source: The Star March 10, 2026 04:50 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */