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BNM MonPol Decision & Monthly CPI Provide Highlights This Week

MYR

Spot USD/MYR has added 107 pips thus far and now deals at MYR4.1890, with bulls looking to take out Jan 7 high of MYR4.2175 before taking aim at Dec 20 high of MYR4.2300. On the downside, losses past Jan 13 low/200-DMA at MYR4.1720/15 would clear the way to MYR4.1642, a multi-week low that limited losses on Dec 31.

  • Bank Negara Malaysia are not expected to touch policy levers once the next meeting of their MPC draws to an end. BNM policymakers are due to make their announcement on Thursday, a day before the Department of Statistics release most recent CPI data.

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