December 20, 2024 01:16 GMT
MYR: Ringgit Opening Relatively Unchanged.
MYR
USD/MYR is up at 4.5070 in Kuala Lumpur this morning; versus yesterday's close of 4.5057.
- This week’s move has seen the Ringgit break through the 200-day EMA of 4.4926, with the next technical level 4.60 and is currently -0.92% weaker for the week.
- Bloomberg Dollar spot index is +0.08% higher in the morning’s trading.
- USD/MYR one-month implied volatility is up at 5.470 from yesterdays close of 5.4075%
- Malaysia's 10-year bond yield is at 3.872%
- Malaysia 5 yr USD CDS at 45bps (yesterday’s close 43bp, 5-year low 38bp in 2020).
Headlines
- Malaysia has identified eight social media and online messaging platforms that will be required to obtain a license by next year, even as the government faces resistance to its plans to regulate the industry, the New Straits Times reported. (source: BBG).
Data Today
- CPI YoY (forecast +2.1% vs +1.9% prior)
- Foreign Reserves (US$118.3bn prior)
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