Ringgit forwards firmer as Malaysia election shock subsides: FT

Brent crude futures, the international benchmark for oil prices, were at $73.05 per barrel at 0036 GMT, down 39 cents, or 0.5 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures <CLc1> were at $64.24 a barrel, down 82 cents, or 1.3 percent, from their last settlement.

FORWARDS for Malaysia’s currency were firming up on Friday after touching their lowest level since December during Thursday’s session in the immediate wake of a historic general election.

One-month currency forwards for the Ringgit, a proxy for the currency’s outlook during a two-day post election holiday that runs through the rest of Friday, had strengthened 1.7 per cent against the greenback to 4.0093 per dollar, leaving it only 0.6 per cent weaker since before the vote.

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