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USD/MYR Extends Recent Gains

MYR

USD/MYR has extended recent gains rising ~0.2% today and printed its highest level since late June before paring gains.

  • The pair sits at 4.6725/50, as broader USD trends dominated flows this morning. An early session high of 4.6783 was seen before gains were pared.
  • Bulls target the high from 26 June (4.6915), a break through here opens the high from Nov 4 2022 (4.7495). Bears first target the 20-Day EMA (4.6366).
  • Tomorrow's BNM policy meeting headlines the remainder of the week's docket, there is no change expected to the Overnight Policy Rate which sits at 3.00%.

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