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USD/MYR consolidates ahead of Jackson Hole

MYR
  • The MYR sold off this morning touching 4.3930 against the US dollar at the open compared to Thursday’s close of 4.3780.
  • The USD is consolidating ahead of Jackson Hole and post overnight employment data suggesting the economy is slowing rather than heading into recession.
  • The Bloomberg Asian dollar index is flat in Asia morning trade.
  • USD/MYR one-month implied volatility is up 6.24750%, up from 6.07% yesterday.
  • Yesterday’s key data release for Malaysia was CPI which came in at 2.0% for July (from 2.0% in June).
  • Malaysian Bond 10-year bond yields were flat yesterday at 3.77% and have opened up quiet on Friday.
  • Yesterday Malaysia sold MYR4 billion ($914 million) of Islamic bonds due July 9, 2029 with investors offering to buy 3.68 times the amount offered.

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