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Industrial Output Up Today


Spot USD/MYR trades -25 pips at MYR4.1817 after a slightly softer re-open. Further losses past Feb 4 low of MYR4.1762 would encourage bears to take aim at Jan 13 low of MYR4.1720. Conversely, a jump above Jan 27 high of MYR4.2070 would bring Jan 7 high of MYR4.2175 into view.

  • Health Min Khairy noted that the wave of Omicron infections is expected to peak end-March, adding that school closures will be the last resort in the government's Covid-19 response. Khairy warned that seniors and people inoculated with the Sinovac vaccine must receive their booster jabs by the end of this month or risk losing their "fully vaccinated" status.
  • Monthly industrial output & m'fing sales value headline the local data docket today. Later this week, quarterly GDP & BoP current account balance will be published on Friday.

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