# Dr M, traders’ one-time foe, gets a cautious market welcome | Malay Mail

> Malaysian markets reacted cautiously to Mahathir Mohamad's return as prime minister on May 14, 2018. The ringgit fell only about 1% at its worst, far less than the 4% implied by offshore forwards, and the stock index recovered from an early 2.7% drop. Investors cited Malaysia's current-account surplus, solid growth and the appointment of seasoned economic officials.

- Date: 2018-05-14 · published 2018-05-14T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/65282-dr-m-traders-one-time-foe-gets-a-cautious-market-welcome-malay-mail
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A calmer-than-feared reaction suggests limited near-term pressure on the ringgit, which reduces the immediate upward push on USD/MYR.

## Read by commodity

- USDMYR: neutral

## Sources

- beta.malaymail.com: https://beta.malaymail.com/news/malaysia/2018/05/14/dr-m-traders-onetime-foe-gets-a-cautious-market-welcome/1630784

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