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Ringgit Extends Losses

MYR

Spot USD/MYR trades +17 pips at MYR4.2327 with bulls looking to a clearance of Mar 24 high of MYR4.2373. This would open up MYR4.2387, which capped gains on Dec 15. Conversely, a sell-off past Apr 6 low of MYR4.2085 would bring Mar 30 low of MYR4.2000 into play.

  • Malaysia's industrial output grew 3.9% Y/Y in February, data released Monday showed, narrowly missing the consensus forecast (+4.0%).
  • Law Minister Junaidi said that the proposed amendments to the Federal Constitution related to forthcoming the anti-party hopping bill were referred to a select committee, resulting in a delay to a vote on the matter.

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