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USD/MYR Down Marginally But In Holding Pattern Ahead of NFP

MYR


  • USD/MYR is down at 4.3322 in Kuala Lumpur morning; versus Thursday's close of 4.3380.
  • Bloomberg Asia dollar spot index is up 0.12% at the open and the Bloomberg Dollar spot index is 0.11% lower.
  • USD/MYR one-month implied volatility is down this morning to 6.2875%, versus 6.31% close on Tuesday.
  • Malaysia's 10-year bond yield is 1bp lower in yield at 3.76%
  • Malaysia 5 yr USD CDS at 37bps (yesterday close 37bp, 5-year low 32 in 2020).

Headlines

  • Malaysia’ Central Bank left interest rates unchanged on Thursday, presenting a positive outlook for growth, inflation and the currency.
  • According to a release earlier in the week from the BNM, Global Bond Funds have been buying MYR denominated bonds in record amounts in August, supporting the currency.

Data Releases

  • Foreign Reserves today.

Government Bond Auction

  • None today

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