Free Trial
OPTIONS

Larger FX Option Pipeline

CANADA

BAX Yields Slide On Growth Concerns

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Ringgit Firms Due To Overnight USD Weakness

MYR

Spot USD/MYR re-opened on a weaker footing in the wake of overnight greenback sales, with local headline flow providing little in the way of notable catalysts.

  • The rate last trades at MYR4.3965, down 68 pips on the day, with bears setting their sights on May 31 low of MYR4.3643. Bulls keep an eye on Jun 14 high of MYR4.4255.
  • PM Ismail Sabri refused to comment on the timing of the next general election and noted that the current spell of political stability allows the government to focus on fighting inflation.
  • Malaysia's monthly trade data will hit the wires later today. Exports growth is expected to have accelerated to +30.3% Y/Y in May, a Bloomberg survey showed.
114 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

Spot USD/MYR re-opened on a weaker footing in the wake of overnight greenback sales, with local headline flow providing little in the way of notable catalysts.

  • The rate last trades at MYR4.3965, down 68 pips on the day, with bears setting their sights on May 31 low of MYR4.3643. Bulls keep an eye on Jun 14 high of MYR4.4255.
  • PM Ismail Sabri refused to comment on the timing of the next general election and noted that the current spell of political stability allows the government to focus on fighting inflation.
  • Malaysia's monthly trade data will hit the wires later today. Exports growth is expected to have accelerated to +30.3% Y/Y in May, a Bloomberg survey showed.