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Ringgit Resumes Gains In The Wake Of Monday's Risk Rally


USD/MYR has extended yesterday's losses and last changes hands at MYR4.0323, 20 pips worse off on the day & through Monday lows. A further sell-off past Jan 29 low of MYR4.0285 would encourage bears to take aim at Jan 4 cycle low of MYR3.9957. Meanwhile, a move through the 50-DMA at MYR4.0473 would open up MYR4.0680, the high print of Feb 10.

  • Federal Territories Min Annuar tweeted that the first batch of Covid-19 vaccines will arrive in Malaysia this Saturday.
  • PM Muhyiddin launched the National Unity Policy and National Unity Blueprint 2021-2030 yesterday, which reflected the gov't's ambition to promote Malaysian identity and national unity.
  • A former 1MDB CEO told the High Court he believed that the UMNO party had benefitted from the sovereign wealth fund.
  • Malaysian economic docket is virtually empty during the remainder of this week.

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