Ringgit Adds to Declines as New 1MDB Probes Compound Losses

Updated on
  • NYT report says Najib under probe by U.S. Justice Department
  • Reserves data for first two weeks of September due Tuesday

The ringgit added to Monday’s decline after the New York Times reported the U.S. Justice Department has started an investigation into allegations of corruption associated with Malaysian Prime Minister Najib Razak and people close to him, spurring a surge in debt insurance costs.

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