October 01, 2024 01:12 GMT
MYR: USD/MYR Higher as Dollar Rises as Powell Appears More Hawkish
MYR
- USD/MYR is higher at 4.1613 in Kuala Lumpur morning; versus yesterday's close of 4.1235.
- Bloomberg Asia dollar spot index is lower by 0.08% at the open and the Bloomberg Dollar spot index is 0.02% higher.
- USD/MYR one-month implied volatility is up this morning to 6.0425%, versus 5.89% yesterday’s close.
- Malaysia's 10-year bond yield is 2bp lower in yield at 3.72%
- Malaysia 5 yr USD CDS at 37bps (yesterday close 37bp, 5-year low 32 in 2020).
Headlines
- The Malaysian bourse is mulling a plan to improve valuations of local companies as it seeks to lure global investors amid similar programs from regional peers (source: BBG).
- The Malaysian ringgit is set to cap its best quarter on record as China’s recent stimulus measures boost the Southeast Asian country’s trade outlook. The currency has climbed over 10% against the dollar in the three months through September, on pace for the best quarter in data going back to 1971 (source: BBG)
- Malaysia is expected to narrow its budget gap to 4.3% of gross domestic product in 2024 and 3.9% the following year, (source: BMI).
Data Releases
- S&P Global Malaysia PMI Manufacturing for September: 49.5 vs 49.7 prior.
Government Bond Auction
- None
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