Malaysian ringgit hits four-month low on market re-opening after Mahathir's shock election win


© Reuters. FILE PHOTO: Illustration photo of a Malaysia Ringgit note

(Reuters) – The Malaysian ringgit fell to a four-month low on its first day of trade following Mahathir Mohamad’s stunning win in the country’s general election last week.

The ringgit weakened as much as 0.9 percent to 3.985 versus the dollar on Monday, as traders came to grips with the election defeat of the coalition that had ruled the country for six decades.

The Malaysian stock exchange last week extended trading holidays to Thursday and Friday after the government declared them public holidays following the election results.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Comments

comments