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Ringgit Edges Lower After Sharp Sell-Off

MYR

Spot USD/MYR stabilises in the wake of Wednesday's surge, which took the pair to its best levels since Jul 2, 2020. The move was amplified by the fact that domestic markets were shut on Tuesday.

  • The rate last deals +20 pips at MYR4.2843, with bulls looking for a break above Jun 29, 2020 high of MYR4.2955. On the downside, initial focus falls on MYR4.2225, the low print of Apr 14.

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