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USD/MYR Approaches Worst Levels This Year


USD/MYR played catch up with overnight USD weakness at the re-open, crossing below Thursday's worst levels and moving closer to YtD lows in early dealing. The pair last changes hands -57 pips at MYR4.0538, with participants awaiting local data releases.

  • Malaysia declared 2,234 new Covid-19 cases yesterday, topping the previous record. Most cases were detected in Sengalor.
  • A slip through Jan 20 low of MYR4.0515 would turn focus to the channel floor intersecting at MYR4.0178, followed by the psychological MYR4.0000 figure. Conversely, a rebound above channel top at MYR4.0735 would open up Dec 7 high of MYR4.0885.
  • Malaysian industrial output and m'fing sales hit the wires later today.

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