Ringgit eases at open as Fed’s hawkish tone supports US dollar (opens original article in a new tab)

The ringgit weakened against the US dollar as the Fed's hawkish stance and rising Treasury yields pressured the currency, while oil prices dropped on US-Iran conflict resolution reports.

• The ringgit opened lower against the US dollar due to the Fed's hawkish tone
• US Treasury yields increased following the Fed's more hawkish monetary policy outlook
• Crude oil prices fell amid reports of an interim US-Iran agreement