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Health Ministry Prepares Guidelines For Border Re-Opening

MYR

Spot USD/MYR sits a tad higher at typing, last +30 pips at MYR4.1888. Further gains past Feb 14 high of MYR4.1945 would allow bulls to take aim at Jan 27 high of MYR4.2070. Conversely, a retreat under Feb 4 low of MYR4.1762 would turn focus to Jan 13 low of MYR4.1720.

  • Health Min Khairy said that his ministry is preparing guidelines for re-opening Malaysia's international borders, which could come to fruition in early in Q2.
  • Monthly CPI data, due Thursday, headlines the local docket this week. The consensus view suggests that inflation may have slowed to +2.4% Y/Y in January from +3.2% prior, according to Bloomberg survey of analysts.

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