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Ringgit Weakens Ahead Of Industrial Output Data

MYR

Spot USD/MYR has edged higher, last trades +37 pips at MYR4.2200. Bulls look for a break above Dec 3 high of MYR4.2372, which would give them a green light for targeting Nov 26 high of MYR4.2490. Bears need a dip through yesterday's low of MYR4.2075 before taking aim at Dec 1 low of MYR4.2000.

  • FinMin Zafrul told the Business Times that Malaysia would like to reopen talks with Singapore to link both stock markets in a bid to boost liquidity.
  • PM Ismail Sabri said that his ministers met 90% of their targets as he summarised their first 100 days in office.
  • Malaysia's Department of Statistics will publish October industrial output data within a few hours. Consensus forecast suggests that the manufacturing production may have increased 3.7% Y/Y after growing 2.5% in September.
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