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Ringgit Slips, Barisan Nasional Wins Big In Johor

MYR

Spot USD/MYR trades at MYR4.1970, up 15 pips on the day, holding a narrow range thus far. Bulls need a clearance of Feb 24 high of MYR4.2077 before targeting Jan 7 high of MYR4.2175. Bears look to a slide through Mar 10/4 lows of MYR4.1750/30 before taking aim at Dec 31 low of MYR4.1642.

  • PM Ismail Sabri's Barisan Nasional clinched a landslide victory in Johor state election on Saturday, winning its second supermajority in a state legislature in just four months.
  • With calls for a snap general election from within UMNO growing louder, Health Minister Khairy noted that the poll should not be held before the public health situation has stabilised.
  • Reminder that Malaysia's monthly trade data will hit the wires on Friday.

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