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USDCAD TECHS

Needle Still Points South

US TSYS

Yields Bounce as Equities Make New Monthly Highs

AUDUSD TECHS

Heading North

EURJPY TECHS

Bull Rally Accelerates

COLOMBIA

Economists Survey Raises 2021 CPI Forecast To 4.9%

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Spot USD/MYR keeps testing its 100-DMA as Malaysia returned from holidays. The rate blipped higher in early trade and last trades +70 pips at MYR4.1650, peeking above that moving average. Consolidation above the 100-DMA would give bulls a green light for targeting Aug 30 high of MYR4.1900. Bears look for a dip through Sep 10 low of MYR4.1300, which would expose the 200-DMA at MYR4.1194.

  • PM Ismail Sabri said that the federal gov't will allocate MYR9bn to Sabah and Sarawak and reiterated commitment to cooperation with the two states, as the country celebrated its 58th birthday.
  • Malaysia's Department of Statistics will release the latest consumer-price inflation data next Friday.