October 25, 2024 00:28 GMT
MYR: USD/MYR: MYR strengthens as FED's Pace Challenged by Stronger Data.
MYR
- USD/MYR is down at 4.3450 in Kuala Lumpur morning; versus yesterday's close of 4.3482.
- Ringgit had been losing ground amid broad USD gains but this move lower sees the 50-day EMA resistance point it broke through earlier in the week, close again.
- Bloomberg Asia dollar spot index is higher by 0.04% at the open and the Bloomberg Dollar spot index is 0.02% higher.
- USD/MYR one-month implied volatility is up this morning to 7.4250%, versus 7.3675% yesterday’s close.
- Malaysia's 10-year bond yield is at 3.871%
- Malaysia 5 yr USD CDS at 39bps (yesterday close 39bp, 5-year low 32bp in 2020).
Headlines
- Budget 2025 incentives good boost for palm oil industry (source: The Star)
- Anxiety is mounting following the recent announcement regarding the rationalization of subsidies on fuel, education and healthcare, which is set to impact 15% of the population, with some “high-income” earners calling it unfair for them (source: The Star).
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