Kuala Lampur, April 8 --  

KUALA LUMPUR, April 8 - The ringgit strengthened to the 3.99 level against the US dollar, supported by improved market sentiment after US President Donald Trump announced a two-week pause in military action against Iran following talks with Pakistani leaders.

At 8 am, the local currency rose 0.67 per cent to 3.9975/4.0050 against the greenback, compared with yesterday's close of 4.0275/0320.

Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said Trump had agreed to a two-week truce, describing the move as a "double-sided ceasefire".

At the time of writing, Brent crude prices fell 15.70 per cent to US$92.12 per barrel, and the US Dollar Index (DXY) declined 0.35 per cent to 99.635 po...