# Ringgit Opens Higher On Hopes Of US-Iran Talks Progress

> 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.

- Date: 2026-11-03 · published 2026-11-03T06:09:10.048Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/77081-ringgit-opens-higher-on-hopes-of-us-iran-talks-progress
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

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.

## Read by commodity

- BRENT: bearish ▼
- USDMYR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-09-18 | [Ringgit opens higher against US dollar as oil prices ease \| The Star](https://feedsoft.ai/events/17729-ringgit-opens-higher-against-us-dollar-as-oil-prices-ease-the-star.md) | -0.3% | +5.0% |
| BRENT | 2026-05-29 | [Ringgit opens higher against US$ in improved sentiment \| The Star](https://feedsoft.ai/events/19534-ringgit-opens-higher-against-us-in-improved-sentiment-the-star.md) | +4.9% | -15.5% |
| BRENT | 2026-06-01 | [Ringgit ends higher against US dollar on renewed risk appetite](https://feedsoft.ai/events/19535-ringgit-ends-higher-against-us-dollar-on-renewed-risk-appetite.md) | +1.3% | -20.5% |
| BRENT | 2018-11-23 | [Ringgit opens slightly lower againts USD: 23 Nov](https://feedsoft.ai/events/62310-ringgit-opens-slightly-lower-againts-usd-23-nov.md) | -5.4% | -14.0% |
| BRENT | 2020-03-22 | [Ringgit opens lower against US dollar in early session \| Malaysiakini](https://feedsoft.ai/events/54380-ringgit-opens-lower-against-us-dollar-in-early-session-malaysiakini.md) | -10.0% | -19.8% |

## Sources

- businesstoday.com.my: https://www.businesstoday.com.my/2026/11/03/ringgit-opens-higher-on-hopes-of-us-iran-talks-progress/
- freemalaysiatoday.com: https://www.freemalaysiatoday.com/category/business/2026/11/03/ringgit-opens-slightly-higher-amid-hopes-of-us-iran-talks-progress
- klsescreener.com: https://www.klsescreener.com/v2/news/view/1820557/ringgit-opens-slightly-higher-amid-hopes-of-us-iran-talks-progress
- thestar.com.my: https://www.thestar.com.my/business/business-news/2026/11/03/ringgit-opens-slightly-higher-amid-hopes-of-us-iran-talks-progress

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.