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Firmer In Early Trade, Industrial Production On Tap


The Ringgit is firmer in early dealing against the USD, broader greenback trends are dominating flows with this evenings US CPI print in view.

  • USD/MYR prints at 4.6480/4.6520, the pair is ~0.2% lower today and sits ~1% below year to date highs seen in late June.
  • Bears first look to break the 20-Day EMA (4.6474), a break through here opens 4.5975 the low from 16 June.
  • On tap today we have May Industrial Production, a print of 0.0% Y/Y is expected. The prior read was -3.3%. Also crossing is May Manufacturing Sales Value Y/Y, there is no estimate.

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