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The ringgit opened marginally higher against the US dollar on Tuesday at 4.0690/0750, after hopes of US-Iran diplomatic talks. Brent crude fell 8.12% to $104.21 a barrel, and lower US Treasury bill yields suggested reduced expectations of a Federal Reserve rate hike.
Progress in talks could reopen the Strait of Hormuz and restore oil shipping, easing crude prices and inflation pressure. Lower Fed hike expectations weaken the dollar, supporting Asian currencies such as the ringgit.
businesstoday.com.myNov 3, 2026
freemalaysiatoday.comBernamaNov 3, 2026
klsescreener.comNov 3, 2026
thestar.com.myThe Star OnlineNov 3, 2026Not enough comparable past events yet for a historical read.
After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% 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.
