# Ringgit forwards firmer as Malaysia election shock subsides: FT | The Star

> Ringgit one-month forwards firmed on May 11, 2018, recovering 1.7% to 4.0093 per dollar after touching their lowest level since December. The forwards were only 0.6% weaker than before the election. The move came during Malaysia's two-day post-election market holiday.

- Date: 2018-05-10 · published 2018-05-10T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/65286-ringgit-forwards-firmer-as-malaysia-election-shock-subsides-ft-the-star
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

The partial recovery in forwards suggests the initial currency shock is easing, which reduces near-term upward pressure on USD/MYR.

## Read by commodity

- USDMYR: neutral

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2018/05/11/ringgit-forwards-firmer-as-malaysia-election-shock-subsides-ft/

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