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Ringgit Slips In Early Trade

MYR

Spot USD/MYR trades at MYR4.1958, up 25 pips on the day. Bulls need a clearance of Feb 24 high of MYR4.2077 before targeting Jan 7 high of MYR4.2175. On the flip side, losses past the 200-DMA at MYR4.1809 would reignite bearish hopes.

  • Domestic headline flow has been rather thin this morning.
  • Analysts are unanimous in expecting Bank Negara Malaysia to keep the main policy rate unchanged on Thursday.

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