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Spot USD/MYR hugs a tight range this morning, hovering just above MYR4.1500/4.1485, which limited losses on Oct 14/24. The rate last sits +8 pips at MYR4.1503, with bulls looking for a break above Oct 18 high of MYR4.1720, which would open up the 100-DMA at MYR4.1781. Meanwhile, a clean break below the aforementioned MYR4.1500/4.1485 area, bears could take aim at the 200-DMA at MYR4.1340.
- The Dewan Rakyat annulled the controversial pandemic-era Emergency Ordinances on Monday.
- On the data front, focus moves to monthly trade data, due Thursday.