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The ringgit ended a 60-day run below RM4 against the dollar after slipping to RM4 on March 27, reversing an earlier rally to 3.8875 in February. The Iran war, which began March 2, drove the reversal, and Brent was trading at US$109 a barrel.
Analysts expect continued dollar upward pressure in the near to medium term.
A weaker ringgit combined with high Brent raises the cost of imported feed inputs for Malaysian buyers. Elevated crude also supports palm oil biodiesel demand.
nst.com.myMUHAMMED AHMAD HAMDAN, Faiqah KamaruddinApr 1, 2026Not enough comparable past events yet for a historical read.
After 323 past bullish macro events, Crude Oil (Brent) moved a median +0.7% over 5 sessions (58% higher; middle half -2.9% to +3.7%), and +1.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
