Free Trial
ASIA

Coming up in the Asia-Pac session on Monday:

MNI

Coming up in the Asia-Pac session on Monday:

USDCAD TECHS

Consolidation Mode But Remains Bearish

AUDUSD TECHS

Fails To Hold Onto Thursday’s High

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

USD/MYR Ebbs Lower

MYR

Spot USD/MYR has edged lower in early trade, following yesterday's sell-off in the greenback. The rate last deals -23 pips at MYR4.0460, with bears looking for further losses past Dec 18 low of MYR4.0310. Below there opens the psychological MYR4.0000 figure. Bulls look for a jump above the nearby channel top at MYR4.0550 before targeting Dec 23 high of MYR4.0673.

  • In local news, Malaysian Finance Ministry extended the exemption of vehicle sales tax to Jun 30, 2021 from Dec 31, 2020. The exemption was initially implemented to help the automotive sector amid the Covid-19 pandemic.

MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com
Sign up now for free access to this content.

Please enter your details below and select your areas of interest.