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MYR: USD/MYR – Positive MYR Bias Maintained, Approaching Key Technical Levels

MYR
  • USD/MYR is down at 4.4392 in Kuala Lumpur morning; versus yesterday's close of 4.4453
  • The Ringgit is within touching distance of the 20-day EMA of 4.4316, and the 100-day EMA 4.4260.
  • Bloomberg Asia dollar spot index is higher by 0.02% at the open and the Bloomberg Dollar spot index is 0.10% lower.
  • USD/MYR one-month implied volatility is down this morning to 5.7350%, versus 5.7425% yesterday’s close.
  • Malaysia's 10-year bond yield is at 3.815%
  • Malaysia 5 yr USD CDS at 45bps (yesterday close 44bp, 5-year low 32bp in 2020).

Headlines

  • Power utility company Tenaga Nasional has shut 14 substations in the east Malaysian state of Kelantan due to the worsening flood situation there, according to a statement (source: BBG).
  • Malaysian equities saw the highest net selling by global investors on Nov. 28 in more than nearly four years. (source: BBG).
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  • USD/MYR is down at 4.4392 in Kuala Lumpur morning; versus yesterday's close of 4.4453
  • The Ringgit is within touching distance of the 20-day EMA of 4.4316, and the 100-day EMA 4.4260.
  • Bloomberg Asia dollar spot index is higher by 0.02% at the open and the Bloomberg Dollar spot index is 0.10% lower.
  • USD/MYR one-month implied volatility is down this morning to 5.7350%, versus 5.7425% yesterday’s close.
  • Malaysia's 10-year bond yield is at 3.815%
  • Malaysia 5 yr USD CDS at 45bps (yesterday close 44bp, 5-year low 32bp in 2020).

Headlines

  • Power utility company Tenaga Nasional has shut 14 substations in the east Malaysian state of Kelantan due to the worsening flood situation there, according to a statement (source: BBG).
  • Malaysian equities saw the highest net selling by global investors on Nov. 28 in more than nearly four years. (source: BBG).