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MYR

Spot USD/MYR has lost some altitude early on and last trades at MYR4.1298, 52 pips worse off on the day. The rate had a brief look under its 200-DMA (MYR4.1294), but has struggled to consolidate below there.

  • The Health Ministry suggested that Sarawak is back on its radar after the R rate in the state increased to 1.10 vs. the nation-wide rate of 1.06.
  • A clean break below the aforementioned 200-DMA would open up Apr 7 low of MYR4.1220, followed by Mar 18 low of MYR4.1020. On the flip side, a jump above Apr 9 high of MYR4.1454 would shift focus to Mar 31 cycle high of MYR4.1590.
  • The Malaysian docket is virtually empty today.

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