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Ringgit Firms Despite Record Covid Cases

MYR

Spot USD/MYR operates -17 pips at MYR4.1830, with bears looking for a sell-off past the 200-DMA/Feb 4 low at MYR4.1770/62. Losses below those levels would open up Jan 13 low of MYR4.1720. Bulls need a jump above Feb 14 high of MYR4.1945 before taking aim at Jan 27 high of MYR4.2070.

  • Malaysia's daily Covid-19 cases hit an all-time high of 27,831 on Wednesday, eclipsing the peak of last year's wave of infections with the Delta variant.

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