Malaysian Ringgit is facing relentless rout as investors' pulls money out of the country ahead of a rate hike from US Federal Reserve. Moreover current political crisis has provided the acceleration to it.
Even with low movement today, Dollar has gained more than 0.2% against Ringgit. Dollar is currently trading at 3.9165 against Malaysian Ringgit, up 13.5% so far this year and around 22% in last 12 months.
Global slump in commodity prices especially oil, which accounts for 30% of the revenue. Now political crisis is making it worse for Ringgit.
Corruption at state investment fund, 1MDB has already created enough of a firestorm for the current government and to add to the mix Malaysia's anti-corruption agency has found $675 million donated to Prime Minister Najib Razak's personal account.
Though it is too early to say, but current crisis might lead to full blown political crisis, with Prime Minister stepping down his authority.
With political crisis and oil rout, there are little or no respite for Malaysian Ringgit.


State of emergency in Crimea as Ukraine focuses pressure on ‘jewel in Putin’s crown’
JPMorgan Cuts Gold Price Forecast, Sees Bullion Reaching $4,500 by End of 2026
Gold Pulls Back After Hitting $4,180 as Geopolitical Risk Sends Crude Higher
USA at 250: the Black American struggle for life, liberty and the pursuit of happiness
Trump has made more than $1 billion from crypto in a year. How?
Citi Raises TSMC Price Target as AI Chip Demand Strengthens Growth Outlook
Bernstein Names IAG, Ryanair as Top European Airline Stocks Ahead of Earnings
Smartphones are helping filmmakers tell the stories the movie industry overlooks
Goldman Sachs Raises USD/JPY Forecast, Sees Yen Weakness Persist Through 2027
Bank of America Upgrades T-Mobile to Buy, Says LEO Satellite Fears Are Overdone 



