The ringgit fell to a new low of 3.90 in nearly 17 years. – Reuters pic, August 6, 2015.
The Malaysian ringgit weakened past 3.9000 per dollar today for the first time in nearly 17 years as local shares and government bond prices fell and concerns grew over a corruption scandal embroiling the prime minister.
The ringgit slid to 3.9000 as of 0830 GMT, its weakest since September 2 1998, a day before the government pegged was pegged at 3.8000. Malaysia lifted the peg in 2005.
Kuala Lumpur stocks fell 1.2%.
Malaysia government's five-year bond yield rose to 3.708%, its highest since June 29. The 10-year yield also advanced to 4.091%, the highest since June 17.
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