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Malaysian CPI Data Eyed

MYR

Spot USD/MYR last seen +15 pips at MYR4.1595, comfortably within yesterday's range. Bulls look for a move through Oct 18 high of MYR4.1720, which would allow them to take aim at the 50-DMA at MYR4.1827. Meanwhile, losses past Oct 14 low of MYR4.1500 would give bears a green light for targeting the 200-DMA/Sep 10 low at MYR4.1329/4.1300.

  • Health Min Khairy announced that fully vaccinated citizens aged 60 and above are eligible for booster jabs from today. He also warned that hospitalisations in the Klang Valley have been rising since the ban on interstate travel was lifted last week.
  • UMNO Pres Zahid ruled out cooperation with Bersatu in the upcoming Melaka state election. His comments came after Bersatu leader Muhyiddin said that he "can't wait too long" for UMNO's decision. In case you missed it, candidate nominations will be accepted from Nov 8, early voting will begin on Nov 16 and the election day has been set for Nov 20.
  • All eyes are on Malaysia's CPI today. Consensus looks for a slight acceleration in headline inflation to +2.1% Y/Y from +2.0%, with estimates ranging from +2.0%-2.3%.

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