Ringgit Losses Throw Back to 1998 as 1MDB Probes Spread to U.S.

  • Ten-year bond yield posts biggest weekly rise of this year
  • China slowdown compounds ringgit's oil-related declines

The ringgit posted its biggest weekly decline since a 1998 dollar peg and bonds plunged as a report that a Malaysian state investment company is being investigated in the U.S. exacerbated losses from a slowdown in China and tumbling commodity prices.

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