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Ringgit Pressured In Early Trade, CPI Due Tomorrow

MYR

Ringgit is marginally pressured in early trade on Thursday as Thursday's uptick in US Tsy Yields weighs in early dealing.

  • USD/MYR is ~0.3% firmer this morning, last printing at 4.6880/4.6925.
  • Bulls look to break the 20-Day EMA (4.6995) to get the 4.80 handle. Bears now target a break of the 200-Day EMA (4.6061) to re-establish a downtrend, a break of the measure opens the low from 31 Jul at 4.4957.
  • The local docket is empty today, tomorrow October CPI is due and is expected to print at 1.9% Y/Y.

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