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Trade Data Eyed

MYR

Spot USD/MYR trades flat at MYR4.2330, with little of note in Malaysia's latest news flow. The main bullish target is provided by MYR4.2440, which capped gains on Jul 21. A clean break here would open up Jul 24, 2020 high of MYR4.2665. Conversely, losses past Jul 22 low of MYR4.2215 would give bears a green light for targeting Jul 15 low of MYR4.1955.

  • Monthly trade data take focus in Malaysia today. Exports are expected to have grown 11.0% Y/Y in June after a 47.3% increase in May, according to Bloomberg consensus forecast.

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