November 26, 2024 00:52 GMT
MYR: USD/MYR – Ringgit Weakens as US Dollar Rallies on Tariff Threat.
MYR
- USD/MYR is weaker at 4.4660 in Kuala Lumpur morning; versus yesterday's close of 4.4515.
- Ringgit has traded in a tight range for some time stuck in the mid-point between the 200-day EMA of 4.5005 and the 100-day EMA of 4.4251.
- Bloomberg Asia dollar spot index is lower by 0.10% at the open and the Bloomberg Dollar spot index is 0.52% higher.
- USD/MYR one-month implied volatility is down this morning to 6.015%, versus 6.085% yesterday’s close.
- Malaysia's 10-year bond yield is at 3.82%
- Malaysia 5 yr USD CDS at 43bps (yesterday close 43bp, 5-year low 32bp in 2020).
Headlines
- Palm oil bounces back after tumbling by the most since April 2023 last week on signs Malaysian production is set to drop (source: BBG).
- OIL: Crude Down Sharply as Israel/Hezbollah Truce Deal Closer (source: MNI – Market News).
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