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Fresh YTD High For USD/MYR

MYR

USD/MYR has printed a fresh YTD high breaking above the 4.70 handle for the first time since November 2022 as the higher for longer Fed mantra boosts the USD.

  • In early dealing on Wednesday USD/MYR is ~0.3% higher, last printing at 4.7030/70.
  • Bulls target the high from 4 Nov 2022 (4.7495). Bears first target the 20-Day EMA (4.6774).
  • The data docket is empty this week, the next data of note is next Monday's S&P Global MFG PMI for September.

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