December 24, 2024 01:03 GMT
MYR: Ringgit Steadies As Markets Wind Down.
MYR
- USD/MYR is up at 4.4910 in Kuala Lumpur this morning; versus yesterday's close of 4.4903.
- Yesterday’s move has seen the Ringgit through the 200-day EMA of 4.4936, with next key level the 20-day EMA of 4.4611
- Bloomberg Asia dollar spot index is up by +0.04% and the Bloomberg Dollar spot index is up at +0.06% this morning.
- USD/MYR one-month implied volatility is down at 5.6175 from yesterdays close of 5.6450%
- Malaysia's 10-year bond yield is at 3.866%
- Malaysia 5 yr USD CDS at 45bps (yesterday’s close 43bp, 5-year low 38bp in 2020).
Headlines
- The country’s headline and core inflation are expected to pick up pace in 2025 from a combination of the RON95 subsidy rationalisation measure, the broadening of the sales and service tax, civil service wage increases, rise in the minimum wage and wider implications of incoming US president Donald Trump’s imposition of across-the-board tariffs on imports to the United States. (source: The Star Malaysia).
- Malaysia PM Anwar’s Popularity Rises on His Investment Push (source: BBG)
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