Free Trial

Marginally Softer After CPI Falls In March

MYR

USD/MYR prints at 4.43/44, the pair is ~0.1% softer today. Recent moves above 4.4400 haven't been sustained.

  • March CPI printed a short time ago at 3.4%Y/Y below the expected 3.6%. CPI fell from 3.7% Y/Y seen in February. Today's release is the lowest print since June 2022. Core also continued to edge down from recent highs, coming in at 3.8% y/y. The prints are likely to add to view that BNM remains on hold for now.
  • For USD/MYR, from a technical perspective we sit a touch above the 200-Day EMA (4.4295). Bears target low from 14 March at 4.3828, bulls look to first break 4.5 handle.
  • Looking ahead the domestic data calendar is empty until next Tuesday when Foreign Reserves data will cross.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.