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Ringgit Treads Water Ahead Of Trade Data Release

MYR

Spot USD/MYR last -5 pips at MYR4.1540, holding onto yesterday's range. A dip through Oct 26 low of MYR4.1450 would open up the 200-DMA at MYR4.1354. Conversely, a rebound above Oct 18 high of MYR4.1720 would give bulls some reprieve.

  • The latest update on Malaysia's trade balance will hit the wires later today. The nation is expected to post a surplus of MYR22.60bn, up from MYR21.39bn reported a month earlier, according to Bloomberg consensus.

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