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USD/MYR Lowest Since Mid-May

MYR

USD/MYR is down ~1.1%, extending recent losses with the pair down ~3% in July to date as broad based greenback weakness weighs.

  • The pair sits at its lowest level since 17 May and last prints at 4.5250/4.5350.
  • On the downside bears now target the 200-Day EMA (4.4968). Bulls first target yesterday's low at 4.5822.
  • Palm Oil Futures are firmer today, however the contract remains well within recent ranges.
  • Looking ahead the data local calendar is empty until June Trade Balance which crosses next Thursday.

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