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Consolidation Mode But Remains Bearish


Fails To Hold Onto Thursday’s High


'Big Tech' Bill Goes To Senate


Oil Up For Fifth Week On Supply Disruption, Geopolitics

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Spot USD/MYR has added 30 pips and trades at MYR4.2225, with little on the news wires to provide any meaningful fresh impetus to the pair outside of the familiar Omicron worry. Bulls look to a breach of MYR4.2490, which limited gains on Nov 26. Conversely, a fall through Dec 1 low of MYR4.2000 would shift focus to the 100-DMA at MYR4.1886.

  • Malaysia expanded its travel ban to Malawi, while Health Min Khairy noted that the gov't will be conducting daily assessments of Covid-19 risk and broadening travel restrictions accordingly.