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MYR: USD/MYR – Ringgit Marginally Better as USD Weaker After Job Numbers.      

MYR
GlobalEM BulletBulletAPACRegionEmerging Market News
  • USD/MYR is down at 4.3698 in Kuala Lumpur morning; versus yesterday's close of 4.3785.
  • Having lost ground amid broad USD gains, the Ringgit seems to be in a holding pattern, waiting for the next catalyst. The break above 4.3300 put the currency above the 50-day EMA resistance point where it has been for several trading sessions, now anchored at the midpoint between the 50-day EMA and the 100-day EMA.
  • USD/MYR one-month implied volatility is down this morning to 7.59%, versus 7.7125% yesterday’s close.
  • Malaysia's 10-year bond yield has continued to track higher in yield to 3.909%.
  • Malaysia 5 yr USD CDS at 38bps (yesterday close 38bp, 5-year low 32bp in 2020).

Headlines

  • The Malaysian government hopes that the country’s recent recognition as a BRICS partner will contribute to economic growth and export expansion over the long term, says Investment, Trade and Industry Minister (source:  The Star)
  • Malaysia is looking forward to the "upgrading" and conclusion of some of the existing free trade agreements (FTAs) with certain countries such as China, India and ASEAN member economies. (source:  The Star).

Data Releases

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  • USD/MYR is down at 4.3698 in Kuala Lumpur morning; versus yesterday's close of 4.3785.
  • Having lost ground amid broad USD gains, the Ringgit seems to be in a holding pattern, waiting for the next catalyst. The break above 4.3300 put the currency above the 50-day EMA resistance point where it has been for several trading sessions, now anchored at the midpoint between the 50-day EMA and the 100-day EMA.
  • USD/MYR one-month implied volatility is down this morning to 7.59%, versus 7.7125% yesterday’s close.
  • Malaysia's 10-year bond yield has continued to track higher in yield to 3.909%.
  • Malaysia 5 yr USD CDS at 38bps (yesterday close 38bp, 5-year low 32bp in 2020).

Headlines

  • The Malaysian government hopes that the country’s recent recognition as a BRICS partner will contribute to economic growth and export expansion over the long term, says Investment, Trade and Industry Minister (source:  The Star)
  • Malaysia is looking forward to the "upgrading" and conclusion of some of the existing free trade agreements (FTAs) with certain countries such as China, India and ASEAN member economies. (source:  The Star).

Data Releases

Keep reading...Show less