# Malaysia elections: Ringgit falls as high-speed rail, GST among analysts' top uncertainties - The Business Times

> Singapore-listed stocks with Malaysian exposure fell on May 10, 2018, after the opposition's election win. The one-month offshore ringgit forwards fell 4.3%, implying a dollar value of about 4.19 ringgit. Analysts flagged the high-speed rail project and the GST as major uncertainties.

- Date: 2018-05-09 · published 2018-05-09T12:00:00.000Z
- Category: macro · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/65285-malaysia-elections-ringgit-falls-as-high-speed-rail-gst-among-analysts-top
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

The sharp fall in offshore ringgit forwards signals expected currency depreciation, which pushes USD/MYR higher and increases the cost of ringgit-priced imports.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/malaysia-elections-ringgit-falls-high-speed-rail-gst-among-analysts-top

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