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MYR: USD/MYR – Ringgit Stronger Again on Softer USD.    

MYR
EM BulletBulletAPACEmerging Market News
  • USD/MYR is down at 4.4670 in Kuala Lumpur morning; versus yesterday's close of 4.4727.
  • Having approached the 200-day EMA of 4.5020, Ringgit's recent strength has turned it back to the mid-point between the 200-day EMA and the 100-day EMA of 4.4218.   
  • Bloomberg Asia dollar spot index is higher by 0.03% at the open and the Bloomberg Dollar spot index is 0.06% lower.
  • USD/MYR one-month implied volatility is down this morning to 6.1275%, versus 6.1350% yesterday’s close.
  • Malaysia's 10-year bond yield is at 3.865%
  • Malaysia 5 yr USD CDS at 41bps (yesterday close 41bp, 5-year low 32bp in 2020).

Headlines

  • The consumer sector continues to experience strong tailwinds from the recovery in tourism, which has driven a significant increase in consumer demand, according to MIDF Research (source: The Star).
  • Oil Prices Fluctuate on USD, Ukraine Russia Tensions and Iran News (source: NI – Market News).
  • Malaysian exports grew less than expected in October, up just +1.6% and imports weaker than expected rising just +2.6%.  Despite that the trade balance was better than expected at MYR11.98bn (source:  MNI – Market News)
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  • USD/MYR is down at 4.4670 in Kuala Lumpur morning; versus yesterday's close of 4.4727.
  • Having approached the 200-day EMA of 4.5020, Ringgit's recent strength has turned it back to the mid-point between the 200-day EMA and the 100-day EMA of 4.4218.   
  • Bloomberg Asia dollar spot index is higher by 0.03% at the open and the Bloomberg Dollar spot index is 0.06% lower.
  • USD/MYR one-month implied volatility is down this morning to 6.1275%, versus 6.1350% yesterday’s close.
  • Malaysia's 10-year bond yield is at 3.865%
  • Malaysia 5 yr USD CDS at 41bps (yesterday close 41bp, 5-year low 32bp in 2020).

Headlines

  • The consumer sector continues to experience strong tailwinds from the recovery in tourism, which has driven a significant increase in consumer demand, according to MIDF Research (source: The Star).
  • Oil Prices Fluctuate on USD, Ukraine Russia Tensions and Iran News (source: NI – Market News).
  • Malaysian exports grew less than expected in October, up just +1.6% and imports weaker than expected rising just +2.6%.  Despite that the trade balance was better than expected at MYR11.98bn (source:  MNI – Market News)