FW: [Maybank] MYR – “Cautiously” Steady

 

 

MYR – "Cautiously" Steady FX Insight by Saktiandi Supaat FX Research Malaysia goes to the polls on 9th May. Our study on how Ringgit performs in previous episodes of Malaysia General Election since 1980 shows that (1) MYR typically appreciates up to 2% (vs. the USD) between parliament dissolution day and polling day and (2) should continue to remain steady around current spot levels with chance for modest gains (up to 1.5%) in the event that BN wins a majority or manages to secure a 2/3 majority at the parliamentary level. Saktiandi Supaat     (65) 6320 1379     saktiandi@maybank.com.sg Christopher Wong     (65) 6320 1347     wongkl@maybank.com.sg Disclaimer This message is intended only for the use of the person to whom it is expressly addressed and may contain information that is confidential and legally privileged. If you are not the intended recipient, you are hereby notified that any use, reliance on, reference to, review, disclosure or copying of the message and the information it contains for any purpose is prohibited. If you have received this message in error, please notify the sender by return e-mail immediately and delete all its contents. If you wish to read Disclaimer in details, please click HERE. To unsubscribe or change preference settings, please click here to contact your representative.