August 26, 2024 02:20 GMT
Morning Update
MYR
- USD/MYR fell 0.8% to 4.3395 at the open, before settling at 4.3450 mid-morning (still 0.70% firmer in MYR terms).
- The Bloomberg Asian dollar index is up 0.23% in morning trade
- USD/MYR one-month implied volatility is at 6.255%, up from 6.0775% Friday.
- With no significant data this week, MYR will take its lead from global moves.
- USD/MYR levels are now back to early 2023 levels.
- There isn't much in the way until the 4.3000 round figure on the downside.
- Friday highs in the pair were at 4.3940.
- Malaysian Bond 10-year bond yields are 1.5bp lower in yield this morning session at 3.74%.
- Equity markets opening in positive territory across the region with Malaysia’s FTSE Bursa Malaysia up 0.13% in the morning.
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