* Ringgit hits highest level since mid-August * Stocks in Malaysia pare gains * Other regional FX, stocks mixed By Himanshi Akhand Nov 25 (Reuters) - Malaysia's ringgit extended gains and touched a three-month high on Friday, following Anwar Ibrahim's appointment as prime minister, while focus shifted to his cabinet appointments and retabling of the budget for next year. "MYR is playing catch-up to gains... as USD weakness extended and election uncertainties in Malaysia dissipate," analysts at OCBC said in a note.
The ringgit rose as much as 1.5% and was on track for its best day since Nov. 11. Stocks in Kuala Lumpur were set for their best session since November 2020. Anwar will be sworn in as prime minister at 0900 GMT, after a general election on Saturday ended in an unprecedented hung parliament and led to five days of uncertainty as parties jostled for position.
* Ringgit eyes best day in 2 weeks * Kuala Lumpur stocks set for best day in 15 months * Most Asia FX firm after Fed minutes By Himanshi Akhand Nov 24 (Reuters) - Malaysia's ringgit posted its best day in almost two weeks and equities rose 2% on Thursday amid signs of a breakthrough in the political stalemate that left the country still struggling to form a new government five days after a general election. The ringgit rose as much as 1.5% and was on track for its best day since Nov. 11. Stocks in Kuala Lumpur were set for their best session since August 2021.