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The ringgit strengthened to RM4.0725 per US dollar as hopes for a US-Iran diplomatic breakthrough reduced demand for the greenback. The US dollar index fell 0.27% to 101.613.
Iran's national security chief said Washington's response was unsatisfactory, so a deal remains uncertain.
Lower safe-haven demand for the dollar and easing Gulf tensions weaken crude oil's risk premium, which eases input costs for feed. A softer dollar can also support dollar-priced commodity imports for Malaysia.
thevibes.comAlfian Z.M. TahirNov 4, 2026After 33 past bearish geopolitics events, DXY moved a median -0.6% over 5 sessions (33% higher; middle half -1.5% to +0.2%), and -0.8% over 20.
Not enough comparable past events yet for a historical read.
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.
