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Tight

MYR

Spot USD/MYR holds a very narrow range, last operates +8 pips at MYR4.1505. A break above Nov 5 high/50-DMA at MYR4.1607/39 would allow bulls to take aim at Oct 18 high of MYR4.1720. On the downside, a slide through the 200-DMA/Oct 29 low at MYR4.1400/4.1392 would give bears a green light for targeting Sep 10 low of MYR4.1300.

  • Malaysia's industrial output returned to growth in September and rose 2.5% Y/Y, beating median estimate of +1.7%. M'fing sales increased 11.6% Y/Y after a 6.8% rise recorded in August.
  • Focus moves to Malaysia's quarterly GDP and BoP current account balance, due Friday.

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