November 15, 2023 03:03 GMT
Ringgit Gains After US CPI Miss
The Ringgit is firmer this morning as participants digest yesterday's US CPI print and the downtick in US Tsys Yields.
- USD/MYR is down ~1.1% last printing at 4.6620/55.
- Bears now target a break of the 200-Day EMA (4.6017) to re-establish a downtrend, a break of the measure opens the low from 31 Jul at 4.4957. Bulls look to break the 20-Day EMA (4.7174).
- Looking ahead; the docket is empty until Friday's Q3 GDP print, a rise of 3.3% Y/Y is expected. Q3 Current Account Balance is also due.