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Ringgit Regains Poise Amid Dollar Weakness

MYR

Spot USD/MYR has eased off, with the downtick facilitated by continued greenback weakness. The rate last deals -37 pips at MYR4.3870, with bears looking for losses past May 12 low of MYR4.3730 towards May 5 low of MYR4.3337. Bulls need May 13 cycle high of MYR4.3987 to give way before setting their sights on Apr 22, 2020 high of MYR4.4032.

  • Domestic headline flow was relatively light over the last 24 hours.
  • Looking ahead, Malaysia's trade data will hit the wires on Thursday.
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Spot USD/MYR has eased off, with the downtick facilitated by continued greenback weakness. The rate last deals -37 pips at MYR4.3870, with bears looking for losses past May 12 low of MYR4.3730 towards May 5 low of MYR4.3337. Bulls need May 13 cycle high of MYR4.3987 to give way before setting their sights on Apr 22, 2020 high of MYR4.4032.

  • Domestic headline flow was relatively light over the last 24 hours.
  • Looking ahead, Malaysia's trade data will hit the wires on Thursday.