Trial now
USDCAD TECHS

Needle Still Points South

US TSYS

Yields Bounce as Equities Make New Monthly Highs

AUDUSD TECHS

Heading North

EURJPY TECHS

Bull Rally Accelerates

COLOMBIA

Economists Survey Raises 2021 CPI Forecast To 4.9%

Local Drivers Sparse

MYR

Spot USD/MYR re-opened lower, catching up with greenback losses seen after onshore markets closed on Monday. The rate last sits at MYR4.1405, 52 pips lower on the day.

  • A break below the 50-DMA at MYR4.1251 would encourage bears to target the 200-DMA, which intersects at MYR4.1101. Conversely, a clearance of yesterday's high of MYR4.1497 would turn focus to Mar 31 cycle high of MYR4.1590.
  • Local news flow has been dominated by reports surrounding a collision between two LRTs in Kuala Lumpur, which left over 200 passengers injured. PM Muhyiddin has ordered a probe into the incident.
  • Malaysia extended quarantine period for Malaysians entering the country from Sri Lanka, Bangladesh, Nepal and Pakistan to 21 days from 14 days.
  • Looking ahead, Malaysian trade balance comes out on Friday.
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com