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Covid Cases Tick Higher, Parliament To Vote On Budget 2022


Spot USD/MYR trades +5 pips at MYR4.1805, approaching its 100-DMA at MYR4.1828. A clean break above that level would shift focus to Oct 6 high of MYR4.1875, followed by Sep 30 high of MYR4.1970. Bears would be pleased by losses past Nov 15 low of MYR4.1580, which would bring Nov 9 low of MYR4.1485 into view.

  • Lawmakers will vote to approve Budget 2022 at the policy level today after five remaining ministries wind up the debate.
  • Malaysia's daily Covid-19 cases rose past the 6,000 mark on Wednesday as the virus reproduction rate topped the neutral level of 1. The uptick in infections has sparked concerns as state elections in Melaka and Sarawak draw near.

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