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Ringgit Pressured In Early Trade

MYR

The Ringgit is pressured in early trade on Monday as onshore participants digest Friday's Fedspeak which saw the front end of the US Yield curve pressured.

  • USD/MYR is ~0.3% higher this morning last printing at 4.6790/4.6840.
  • Bulls look to break the 4.70 handle to target the 4.80 handle. Bears now target a break of the 200-Day EMA (4.6165) to re-establish a downtrend, a break of the measure opens the low from 31 Jul at 4.4957.
  • Friday's November CPI print headlines the docket this week, due tomorrow we have November Trade Balance.

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