Trial now
USDCAD TECHS

Circling Major Support

US TSYS SUMMARY

Stocks and Rates Near Session Highs Late

AUDUSD TECHS

Tepid Bounce

LATAM

OUTLOOK: WEEK AHEAD

US EURODLR OPTIONS

Nice Mark for Early Put Buyer

USD/MYR Firms Up At Re-Open

MYR

USD/MYR kicked off on a firmer footing today as the DXY extended Friday's gains. The pair last sits at MYR4.0460, 90 pips better off. A break above the 50-DMA at MYR4.0663 would prompt bulls to target Jan 12 high of MYR4.0760, a key near-term resistance. Bears look for a slide through Friday's low of MYR4.0325 before targeting Jan 8 low of MYR4.0285.

  • The Malaysian gov't said that it is taking legal action against the EU and its member states France and Lithuania in the WTO over the EU's renewable-energy directive, which Kuala Lumpur sees as "discriminatory action."
  • PM Muhyiddin announced that he will form a Covid-19 advisory group, which will help the gov't draft policies to contain the virus.
  • The main economic event in Malaysia this week is the latest monetary policy decision from BNM, with analysts almost evenly split on whether policymakers will decide to trim the OPR.
  • Friday's release of December CPI report will provide interest on the data front.
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com