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PM To Unveil New Cabinet, Delta Continues To Spread

MYR

Spot USD/MYR sits +13 pips at MYR4.1965, stuck within the confines of yesterday's range. Bulls need to force a break above Aug 18 high of MYR4.2450 to gain some fresh impetus. Conversely, a slide through Aug 25 low of MYR4.1675 would bring the 100-DMA at MYR4.1619 into play.

  • The King has accepted PM Ismail Sabri's list of ministerial nominees, with new Cabinet line-up to be announced later today.
  • Meanwhile, Malaysia recorded a record increase in new Covid-19 infections on Thursday, adding 24,599 cases.
  • Monthly trade balance will be released later today, with Markit M'fing PMI set to take focus next Wednesday. As a reminder, Malaysia will observe a public holiday next Tuesday.

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