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Ringgit Marginally Firmer, Mfg PMI Only Data Of Note

MYR

The Ringgit is marginally firmer on Monday, USD/MYR is down ~0.2% and last prints at 4.5430/70.

  • The pair remains well within recent ranges, since the US CPI print mid month a 4.52/58 range has persisted for the most part.
  • Bulls target the 20-Day EMA (4.5819), Bears first target the 200-Day EMA (4.5010), a break through here opens the low from Apr 14 at 4.3828.
  • Tomorrow's S&P Global Mfg PMI for July is the only data of note this week, there is no estimate and the prior read was 47.7.

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