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USD/MYR has added 10 pips and last.......>

DOLLAR-MYR
DOLLAR-MYR: USD/MYR has added 10 pips and last trades at MYR4.2873. Bulls need a
break above the 50-DMA/38.2% retracement of the Mar 23 - Apr 11 slide at
MYR4.3158/74 to gain some momentum. Bears need a dip through Jun 23 low of
MYR4.2662 before moving focus to Jun 11 low of MYR4.2360.
- PM Muhyiddin held a meeting with the presidents of all parties and factions
supporting the ruling alliance. The PM is preparing for a possible motion of no
confidence to be tabled by the opposition.
- Malaysia will file a complaint against the EU to the WTO, over hte bloc's palm
oil campaign.
- Worth flagging in advance that the BNM will deliver its monetary policy
decision next week.

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