KUALA LUMPUR 9 April 2026 (The Capital Post) – The ringgit remained steady at the 3.97 level against the US dollar at Thursday’s opening, supported by improved investor confidence following recent geopolitical developments.
The local currency traded at around 3.9730/9915 against the greenback, showing slight gains compared to the previous day’s close. The positive movement comes amid a softer US dollar, with the US Dollar Index staying below the 100 mark, reflecting weaker demand for the currency.
Market sentiment has been lifted by optimism surrounding a temporary ceasefire in the Middle East, which encouraged a “risk-on” environment among investors. Analysts noted that this shift has contributed to stronger demand for emerging market currencies, including the ringgit.
However, economists cautioned that the outlook remains uncertain, as any breakdown in the ceasefire agreement could quickly reverse gains and lead to volatility, particularly through potential spikes in global oil prices.
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Against other major currencies, the ringgit posted gains, strengthening versus the Japanese yen, euro and British pound. Performance against regional currencies was mixed, with slight depreciation against the Singapore dollar but improvements against the Thai baht, while remaining largely unchanged against the Philippine peso and Indonesian rupiah.
Analysts expect the currency to trade within a narrow range in the near term as investors continue to monitor geopolitical developments and global market conditions.-The Capital Post
