Ringgit Drops to Lowest Level Since Asian Financial Crisis
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The Malaysian ringgit tumbled to a 24-year low as a stronger dollar and domestic political risks damped sentiment.
The ringgit fell as much as 0.2% to 4.5015 per dollar as it breached the 4.5002 mark reached in January 2017. The Malaysian currency is now at its weakest level since January 1998, during the Asian Financial Crisis.