Ringgit Rebounds to 3.96 on Easing Tensions, Hopes of US-Iran Talks

KUALA LUMPUR, April 14 – The ringgit jumped 135 basis points to rebound to the 3.96 level against the US dollar at the opening today, supported by improved global risk sentiment amid expectations of a potential second-round negotiation between the US and Iran.

At 8am, the ringgit appreciated to 3.9600/3.9715 against the US dollar from 3.9735/3.9805 at Monday’s close.