No Break for Worst Asian Currency as Clouds Gather Over Malaysia
- Probes into 1MDB are escalating just as oil prices renew slide
- Annual economic growth is seen slowing to weakest since 2009
Malaysia Adds Ringgit Oil Link to Economic Concerns
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The bad news just doesn’t stop for Asia’s worst-performing currency.
Already reeling from a renewed slump in oil prices and a political scandal that just won’t go away, the Malaysian ringgit is now facing the prospect of another cut in interest rates. It’s the region’s biggest loser in the past month and analysts still see scope for it to drop more than 2 percent by year-end.