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Rangebound

MYR

Spot USD/MYR trades at MYR4.2010, virtually unchanged on the day and comfortably within yesterday's range. Bears keep an eye on MYR4.1642, which provided a layer of support on the final day of 2021. Conversely, a rally above Jan 7 high of MYR4.2175 would expose Dec 20 high of MYR4.2300.

  • Malaysia's industrial output grew 9.4% Y/Y in Nov, accelerating from the 5.5% increase recorded in Oct and topping the median estimate of +7.3%. Manufacturing sales rose 18.8% Y/Y after a 15.3% growth registered in the previous month.

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