Current Affairs

Ringgit Soars By 1.5% Against USD As Political Uncertainty Reaches End

The Ringgit saw a huge surge by 1.5% against the dollar as of 1pm today as investors sensed the end Malaysia’s political impasse, reported Berita Harian.

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This increase was further helped by some positive news from the US Federal Reserve, where it predicted that the interest rate is expected to slow down.

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Ringgit soars by 1. 5% against usd as political uncertainty reaches end
Image via The Edge Markets

Meanwhile, the long wait for a Prime Minister has finally come to an end after the King announced that Anwar Ibrahim will be Malaysia’s 10th Prime Minister.

He will be sworn in at 5pm later today.

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