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Marginally Pressured In Early Trade, Data Docket Light This Week

MYR

The Ringgit has been marginally pressured in early dealing, however USD/MYR remains well within recent ranges as broader USD trends dominate flows.

  • The pair prints at 4.6795/4.6845, ~0.1% above Friday's closing levels.
  • Bulls look to break the 20-Day EMA (4.6968) to get the 4.80 handle. Bears now target a break of the 200-Day EMA (4.6075) to re-establish a downtrend, a break of the measure opens the low from 31 Jul at 4.4957.
  • November S&P Global Mfg PMI on Friday is the only data of note this week, there is no estimate and the prior read was 46.8.

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