Ringgit Rises to Three-Month High as Anwar Takes Malaysia’s Helm

(Bloomberg) — The ringgit jumped, making the currency the best performer in Asia for a second day, following the appointment of Anwar Ibrahim as Malaysia’s new prime minister.

The ringgit rose by as much as 0.9% against the dollar to 4.4542, its strongest level since mid-August. The currency had surged by 1.8% after Anwar’s appointment on Thursday, the largest single-day gain since March 2016.