Free Trial

MYR: USD/MYR – Ringgit Strengthens as Treasury Secretary Pick Cools USD.    

MYR
  • USD/MYR is down at 4.4607 in Kuala Lumpur morning; versus Friday's close of 4.4700.
  • Having approached the 200-day EMA of 4.5010, following a period of significant weakness, Ringgit’s recent rally has seen it return to the mid-point between the 200-day EMA and the 100-day EMA of 4.4244.   
  • Bloomberg Asia dollar spot index is higher by 0.11% at the open and the Bloomberg Dollar spot index is 0.48% lower.
  • USD/MYR one-month implied volatility is down this morning to 4.46%, versus 4.47% Friday’s close.
  • Malaysia's 10-year bond yield is at 3.815%
  • Malaysia 5 yr USD CDS at 44bps (Friday close 44bp, 5-year low 32bp in 2020).

Headlines

  • November saw Malaysian Foreign reserves rise by $118bn, from $117.bn in October (source: MNI – Market News). 
116 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • USD/MYR is down at 4.4607 in Kuala Lumpur morning; versus Friday's close of 4.4700.
  • Having approached the 200-day EMA of 4.5010, following a period of significant weakness, Ringgit’s recent rally has seen it return to the mid-point between the 200-day EMA and the 100-day EMA of 4.4244.   
  • Bloomberg Asia dollar spot index is higher by 0.11% at the open and the Bloomberg Dollar spot index is 0.48% lower.
  • USD/MYR one-month implied volatility is down this morning to 4.46%, versus 4.47% Friday’s close.
  • Malaysia's 10-year bond yield is at 3.815%
  • Malaysia 5 yr USD CDS at 44bps (Friday close 44bp, 5-year low 32bp in 2020).

Headlines

  • November saw Malaysian Foreign reserves rise by $118bn, from $117.bn in October (source: MNI – Market News).