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MYR: USD/MYR- Malaysia’s Strong GDP Aids Rinngit

MYR
GlobalEM BulletBulletAPACRegionEmerging Market News
  • USD/MYR is down at 4.470 in Kuala Lumpur morning; versus Friday's close of 4.4748.
  • Ringgit continues to oscillate between the 200-day EMA of 4.5025 and the 100-day EMA of 4.4196.   
  • Bloomberg Asia dollar spot index is higher by 0.13% at the open and the Bloomberg Dollar spot index is 0.18% lower.
  • USD/MYR one-month implied volatility is down this morning to 4.4690%, versus 4.4748% Friday’s close.
  • Malaysia's 10-year bond yield is at 3.890%
  • Malaysia 5 yr USD CDS at 42bps (Friday close 42bp, 5-year low 32bp in 2020).

Headlines

  • Malaysia’s economy is set to enter 2025 on a strong footing, underpinned by the   solid gross domestic product (GDP) trend thus far and positive consumption and investment outlook. (source:  The Star Biz)
  • Malaysia is poised to become a regional industrial gateway following its collaborations with Brazil in the semiconductor sector, said Investment, Trade and Industry Minister (source: BBG)

Data Releases 19 November

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  • USD/MYR is down at 4.470 in Kuala Lumpur morning; versus Friday's close of 4.4748.
  • Ringgit continues to oscillate between the 200-day EMA of 4.5025 and the 100-day EMA of 4.4196.   
  • Bloomberg Asia dollar spot index is higher by 0.13% at the open and the Bloomberg Dollar spot index is 0.18% lower.
  • USD/MYR one-month implied volatility is down this morning to 4.4690%, versus 4.4748% Friday’s close.
  • Malaysia's 10-year bond yield is at 3.890%
  • Malaysia 5 yr USD CDS at 42bps (Friday close 42bp, 5-year low 32bp in 2020).

Headlines

  • Malaysia’s economy is set to enter 2025 on a strong footing, underpinned by the   solid gross domestic product (GDP) trend thus far and positive consumption and investment outlook. (source:  The Star Biz)
  • Malaysia is poised to become a regional industrial gateway following its collaborations with Brazil in the semiconductor sector, said Investment, Trade and Industry Minister (source: BBG)

Data Releases 19 November

Keep reading...Show less