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Trade Surplus Widens, 2nd Phase Of Vaccine Rollout To Start In Three Weeks

MYR

Spot USD/MYR has shown little reaction to Malaysia's Feb trade balance, which rose to +MYR17.90bn from +MYR16.60bn vs. exp. of +MYR15.50bn. The report revealed solid beats in both exports in imports, with the expansion in shipments accelerating to 17.6% Y/Y.

  • On a different note, Malaysian Science Min Khairy said that the second phase of the national Covid-19 vaccine rollout will begin on Apr 19.
  • As a reminder, Malaysia awaits the decision of FTSE Russell whether to keep Malaysia in its World Government Bond Index.
  • Spot USD/MYR last sits -25 pips at MYR4.1445, familiar technical picture remains in play as the rate has held Friday's range thus far.

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