# Cautious Sentiment Pushes Ringgit Down to 4.0785

> The ringgit weakened against the US dollar on Tuesday morning, falling to 4.0785 from Monday's close of 4.0695, while rising against the Singapore dollar. Brent crude dropped 8.12% to $104.21 on hopes of US-Iran negotiations, and US short-term Treasury yields fell, lowering expectations of a Fed rate hike.

- Date: 2026-11-03 · published 2026-11-03T06:09:10.165Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/77083-cautious-sentiment-pushes-ringgit-down-to-4-0785
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Diplomatic progress could reopen the Strait of Hormuz and ease oil supply concerns, reducing crude prices. Analysts expect the ringgit to trade sideways in the short term while markets await the US midterm election results.

## Read by commodity

- BRENT: bearish ▼
- USDMYR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2021-08-31 | [Oil settles down 1% as U.S. refineries shut; Washington pushes OPEC to pump more \| Reuters](https://feedsoft.ai/events/45721-oil-settles-down-1-as-u-s-refineries-shut-washington-pushes-opec-to-pump-more.md) | -0.4% | +8.7% |
| BRENT | 2019-09-19 | [Ringgit at 4.15 to US dollar at end of 2019, says MIDF Research \| Malay Mail](https://feedsoft.ai/events/57344-ringgit-at-4-15-to-us-dollar-at-end-of-2019-says-midf-research-malay-mail.md) | -2.4% | -7.2% |
| BRENT | 2022-11-22 | [Oil prices retreat as investor sentiment darkens](https://feedsoft.ai/events/38849-oil-prices-retreat-as-investor-sentiment-darkens.md) | -5.2% | -8.2% |
| 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% |

## Sources

- klsescreener.com: https://www.klsescreener.com/v2/news/view/1820649/%E5%B8%82%E5%9C%BA%E6%83%85%E7%BB%AA%E8%B0%A8%E6%85%8E_%E9%A9%AC%E5%B8%81%E8%B7%8C%E8%87%B34_0785

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