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All Eyes On GDP Data

MYR

Spot USD/MYR moves away from new cycle highs printed Thursday and last deals at MYR4.3920, down 20 pips on the day. Further losses past May 5 low of MYR4.3337 would suggest that bears are finding poise. Bulls look to a breach of yesterday's high of MYR4.3940 before targeting Apr 22, 2020 high of MYR4.4032.

  • Domestic headline flow was dominated by coverage of a debate between opposition leader Anwar Ibrahim and former PM Najib Abdul Razak, centred around the idea of bailing out the oil and gas company Sapura Energy.
  • Malaysia's Department of Statistics will publish Q1 BoP current account balance & GDP later today. The economy is expected to have grown 4.0% Y/Y in the three months through end-March, according to Bloomberg consensus forecast.
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