# Malaysia election: ringgit set to fall further as vote adds to economic uncertainty | South China Morning Post

> The ringgit is at a 24-year low against the dollar and is expected to weaken further as Malaysia's national election adds political risk. Uncertainty also surrounds the government's US$80 billion budget, which aims to cut taxes and narrow the fiscal deficit.

- Date: 2022-10-17 · published 2022-10-17T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/39384-malaysia-election-ringgit-set-to-fall-further-as-vote-adds-to-economic
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Political risk and budget uncertainty can push the ringgit lower, raising Malaysian import costs for feed ingredients. The impact on commodity prices is limited.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- scmp.com: https://www.scmp.com/news/asia/southeast-asia/article/3196197/malaysia-election-ringgit-set-fall-further-vote-adds

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.