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Klang Valley Flooded Again, Early Voting In Johor Election Kicks Off

MYR

Spot USD/MYR trades +37 pips at MYR4.1825 at typing. Initial topside focus falls on Feb 24 high of MYR4.2077, while bears look for a sell-off past Mar 4/Jan 13 lows of MYR4.1730/20 towards Dec 31 low of MYR4.1642.

  • The Klang Valley and some areas in Selangor were hit by flash floods on Monday just three months after a massive deluge that that swept across the country and caused the displacement of 71,000 people.
  • Just worth noting that early voting in Johor state election begins today, ahead of the main polling day set for March 12.
  • Participants look ahead to the release of industrial output/manufacturing sales on Friday.

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