Malaysian ringgit wobbles in face of political uncertainty, China woes

Currency struggles for traction amid expected state elections, falling exports

20230621 Anwar Ibrahim Malaysian ringgid

Weakness in the Malaysian ringgit has become a headache for Prime Minister Anwar Ibrahim and his government. (Source photos by Reuters)

AMY CHEW, Contributing writer

KUALA LUMPUR -- The outlook for the Malaysian ringgit remains cloudy after being on the backfoot for most of this year, experts say, weighed down by political uncertainty, falling exports, China's sluggish economy, the strong dollar and corporate demand for foreign currency.

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