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Catching Up

MYR

Spot USD/MYR reopened on a softer footing, catching up with overnight greenback sell-off. The rate last operates -75 pips at MYR4.1525 after hitting a fresh one-month low.

  • Bears look for a break under the 200-DMA/Sep 10 low at MYR4.1303/00, their key nearby target. Bulls keep an eye on Oct 6 high/50-DMA at MYR4.1875/87.
  • Health Min Khairy said that Malaysia will start distributing Covid-19 booster shots to senior citizens and frontline health workers.
  • Elsewhere, FinMin Zafrul said that the gov't will initiate a reform of the healthcare sector while boosting healthcare spending every year.

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