alaysia's ringgit hit a 16-year low Monday on growing political uncertainty following allegations that a probe into a state investment fund found hundreds of millions of dollars were transferred into the prime minister's personal accounts.
The euro rose Monday afternoon following news that Greece's Finance Minister Yanis Varoufakis is resigning, a shock announcement for a man who has been at the centre of Athens' high-profile debt negotiations for months.
Europe faces a near impossible choice between giving debt-laden Greece a chance or pushing it out of the euro and risking global turmoil, analysts said Sunday, after Greek voters overwhelmingly rejected international creditors' terms.
Greece's Prime Minister Alexis Tsipras got a rock-star welcome at an Athens rally Friday as he sought to revive support for a "No" vote in a referendum called to strengthen his hand in talks with international creditors.
Greece's referendum on Sunday is expected to weigh heavily on global equity markets including Bursa Malaysia's performance next week despite the stable rating by Fitch Ratings towards Malaysia's economic outlook.