November 25, 2024 00:58 GMT
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).
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