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Local Markets Closed on Thursday

MYR

Local markets are closed in Malaysia today for the observance of a national holiday.

  • Yesterday USD/MYR firmed ~0.1% as broader USD/Asia trends dominated flows. The pair closed at 4.6722.
  • Bulls target the high from 4 Nov at 4.7495. Bear immediate focus is on 4.6295, the 20-Day EMA.
  • After markets closed on Wednesday BNM signalled it will intervene to stem moves deemed excessive, more here.
  • A reminder the data calendar is empty this week

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