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Ringgit Pressured, Industrial Production On Tap

MYR

The Ringgit is pressured in early dealing this morning, USD/MYR is ~0.4% firmer as onshore participants digest Friday's firmer than forecast NFP print in the US.

  • USD/MYR last prints at 4.6795/4.6830.
  • Bulls look to break the 4.70 handle to target the 4.80 handle. Bears now target a break of the 200-Day EMA (4.6132) to re-establish a downtrend, a break of the measure opens the low from 31 Jul at 4.4957.
  • On the wires today is October Industrial Production is due. A rise of 2.4% Y/Y is expected. Further out the docket is empty for the remainder of the week.

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