December 23, 2024 00:21 GMT
MYR: Ringgit Opens Firmer Post USD Decline.
MYR
- USD/MYR is down at 4.4910 in Kuala Lumpur this morning; versus Friday's close of 4.5060.
- This morning’s move has seen the Ringgit through the 200-day EMA of 4.4936, with next key level the 20-day EMA of 4.4580
- Bloomberg Asia dollar spot index is up by +0.05% and the Bloomberg Dollar spot index is unchanged at the open having declined -0.53% on Friday.
- USD/MYR one-month implied volatility is up at 5.6625 from Fridays close of 5.4875%
- Malaysia's 10-year bond yield is at 3.878%
- Malaysia 5 yr USD CDS at 45bps (yesterday’s close 43bp, 5-year low 38bp in 2020).
Headlines
- Inflation in Malaysia is expected to be contained next year, at the lower end of a 2% to 3.5% range, Dow Jones reported, citing Economy Minister Rafizi Ramli. (source: BBG).
- Malaysia Nov. Consumer Prices Rise 1.8% Y/y on Friday, Survey. +2.1% (source: BBG)
- Malaysia Foreign Reserves Fall to $118.1 Bln From $118.3 Bln as at November 29 (source: BBG)
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