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Muted Start, Docket Thin This Week

MYR

The ringgit is little changed from Friday's closing levels in a muted start to the week's dealing. USD/MYR prints at 4.6640/70.

  • On Friday the pair was marginally firmer rising ~0.1% however ranges were narrow with little follow through on moves.
  • Bulls target the high from 26 June at 4.6915. Bears first look to break the 20-Day EMA (4.6455).
  • The local docket is thin this week, the only data of note is May Industrial Production which crosses on Wednesday. A rise of 1.5% Y/Y is expected, the prior read was -3.3%.

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