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Ringgit Weaker In Early Trade

MYR

The Ringgit has weakened in early dealing on Friday, after the re-open broader USD trends have dominated flows.

  • USD/MYR print at 4.5500/50, the pair is up ~0.6% today paring its post FOMC gains.
  • Bulls target the 20-Day EMA (4.5819), Bears first target the 200-Day EMA (4.5010), a break through here opens the low from Apr 14 at 4.3828.
  • A reminder that the local docket is empty today.

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