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USD/MYR Morning Update

MYR
  • USD/MYR nudges up 0.14% to 4.3550 as of 10:05 a.m. Kuala Lumpur time; versus the Monday close of 4.3488.
  • Bloomberg dollar spot index little changed at the open.
  • USD/MYR one-month implied volatility is up this morning to 6.4050%, versus 6.17% on Friday
  • Malaysia's 10-year bond yield is little changed at 3.747% at Tuesday’s
    open.

Key News

Headlines for MYR:

  • Malaysia Seen Pausing Rate Through 2024 as Inflation Risks Fade (Source: Bloomberg)
  • Malaysia Growth Seen Beating Official Estimate on Recovery Boost (Source: UOB)
  • Fed's Daly Says Too Early to Know How Big Rate Cuts Will Be; Direction Of Rates Is Down (Source: Bloomberg)
  • PBOC Holds MLF Rate for Now with Cuts likely to come (Source MNI Australia)

Malaysia economic data:

  • Nothing major scheduled today
  • Next major data release S&P Global Malaysia PMI Manufacturing for August release 02 September 2024.
  • Next scheduled Bank Negara Malaysia decision is
    on Sept. 5; current policy rate 3.0% where it has been since May 2023.
  • Debt auction: Malaysia to Sell MYR5.5 Billion 2034 Bonds 28 August, 2024.

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