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MYR: USD/MYR Down Despite Broader USD Gains, Pair Sub 4.3700

MYR
  • USD/MYR is down at 4.3678 in Kuala Lumpur morning; versus Monday’s close of 4.3722.
  • Bloomberg Asia dollar spot index is flat at the open and the Bloomberg Dollar spot index is 0.11% higher.
  • USD/MYR one-month implied volatility is up this morning to 6.32%, versus 6.0225% close on Monday.
  • Malaysia's 10-year bond yield is unchanged at 3.76%
  • Malaysia 5 yr USD CDS at 38bps (yesterday close 38bp, 5-year low 32 in 2020).

Headlines

  • BNM’s Deputy Governor said in interview yesterday that ‘there is no compelling reason or pressure on interest rates to move in either direction at this stage, though we have to be open to consider risks going forward.’ (source: Bloomberg TV)
  • Today sees the release of Malaysia’s Industrial Production data and is expected to continue with survey’s predicting 5.3% increase for July. 

Data Releases Today

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  • USD/MYR is down at 4.3678 in Kuala Lumpur morning; versus Monday’s close of 4.3722.
  • Bloomberg Asia dollar spot index is flat at the open and the Bloomberg Dollar spot index is 0.11% higher.
  • USD/MYR one-month implied volatility is up this morning to 6.32%, versus 6.0225% close on Monday.
  • Malaysia's 10-year bond yield is unchanged at 3.76%
  • Malaysia 5 yr USD CDS at 38bps (yesterday close 38bp, 5-year low 32 in 2020).

Headlines

  • BNM’s Deputy Governor said in interview yesterday that ‘there is no compelling reason or pressure on interest rates to move in either direction at this stage, though we have to be open to consider risks going forward.’ (source: Bloomberg TV)
  • Today sees the release of Malaysia’s Industrial Production data and is expected to continue with survey’s predicting 5.3% increase for July. 

Data Releases Today

Keep reading...Show less