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MYR: MYR Slow Start to the Week Having Hit Highs Last Week.   

MYR
GlobalEM BulletBulletAPACRegionEmerging Market News
  • USD/MYR is marginally higher at 4.2118 in Kuala Lumpur morning; versus Friday's close of 4.2115.
  • Bloomberg Asia dollar spot index is higher by 0.22% at the open and the Bloomberg Dollar spot index is 0.06% higher.
  • USD/MYR one-month implied volatility is flat at versus Friday.
  • Malaysia's 10-year bond yield has sold off in the morning’s trade with yields 3.5bps higher at 3.735%
  • Malaysia 5 yr USD CDS at 37bps (yesterday close 37bp, 5-year low 32 in 2020).

Headlines

  • Malaysia’s ringgit rises to the highest level since April 2022 buoyed by the half percentage point interest rate cut from the Federal Reserve as well as optimism over the economy (source: BBG).
  • Palm oil will begin a new bull phase early next year on the back of strong demand from biofuel makers and healthy purchases by India and China, (source: Godrej International Trading). 

Data Releases

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  • USD/MYR is marginally higher at 4.2118 in Kuala Lumpur morning; versus Friday's close of 4.2115.
  • Bloomberg Asia dollar spot index is higher by 0.22% at the open and the Bloomberg Dollar spot index is 0.06% higher.
  • USD/MYR one-month implied volatility is flat at versus Friday.
  • Malaysia's 10-year bond yield has sold off in the morning’s trade with yields 3.5bps higher at 3.735%
  • Malaysia 5 yr USD CDS at 37bps (yesterday close 37bp, 5-year low 32 in 2020).

Headlines

  • Malaysia’s ringgit rises to the highest level since April 2022 buoyed by the half percentage point interest rate cut from the Federal Reserve as well as optimism over the economy (source: BBG).
  • Palm oil will begin a new bull phase early next year on the back of strong demand from biofuel makers and healthy purchases by India and China, (source: Godrej International Trading). 

Data Releases

Keep reading...Show less