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Ringgit Sell-Off Stalls

MYR

Spot USD/MYR oscillates within yesterday's range and last changes hands at MYR4.3580. The rate's impulsive rally started last week has stalled around the MYR4.3600 figure. A break above yesterday's high of MYR4.3612 would bring May 18, 2020 high of MYR4.3725 into play. Bears look for a pullback towards Nov 26 high of MYR4.2490.

  • PM Ismail Sabri has urged the public to stay vigilant as Malaysia prepares to ease Covid-19 restrictions such as mask mandates, physical distancing requirements and border rules from May 1.

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