Free Trial

USD/MYR Lowest Since August, CPI On Tap

MYR

Broader pressure on the USD has weighed on USD/MYR in early dealing this morning as onshore participants digest Thursday's greenback downtick.

  • USD/MYR sits at its lowest level since mid August, last printing at 4.6290/4.6355 ~0.5% lower than yesterday's closing levels.
  • Bears now target a break of the 200-Day EMA (4.6184) to re-establish a downtrend, a break of the measure opens the low from 31 Jul at 4.4957. Bulls look to break the high from 18 Dec (4.7015) to target the 4.80 handle.
  • On tap this afternoon is November CPI, a downtick in CPI to 1.7% Y/Y from 1.8% Y/Y is expected. Also crossing is the fortnightly foreign reserves.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.