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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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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