KUALA LUMPUR: The ringgit ended mostly higher against major currencies but eased against the US dollar on Tuesday as market participants await further developments in West Asia negotiations between the United States (US) and Iran.

At 6 pm, the ringgit edged down to 3.9745/9785 versus the greenback from 3.9720/9770 at Monday’s close.

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said market participants are awaiting further developments on the war in Iran as negotiations between the US and Iran continue.

"Meanwhile, WTI and Brent crude prices fell 0.15 per cent and 1.51 per cent to US$108.50 per barrel and US$110.41 per barrel, respectively, as hopes for a resolution to the war strengthened,” he told Bernama

Meanwhile, earlier today, the Department of Statistics Malaysia (DOSM) said Malaysia’s inflation, as measured by the Consumer Price Index (CPI), rose 1.9 per cent year-on-year in April 2026 to 136.9 from 134.3 in the same month last year.

DOSM said Malaysia’s April inflation was lower than that of several countries, including the Philippines, Vietnam, Thailand, the Republic of Korea and Indonesia.

At the close, the ringgit traded mostly higher against a basket of major currencies.