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USD/MYR showed above yesterday's.........>

DOLLAR-MYR
DOLLAR-MYR: USD/MYR showed above yesterday's highs, but then trimmed gains
before even managing to test a key resistance from the Feb 10 high of MYR4.1488.
- Malaysian Foreign Ministry said that PM Mahathir held a phone call with
Chinese President Xi to discuss the Covid-19 outbreak. 
- In a follow-through to Wednesday's release of Malaysia's Q4 GDP growth, which
decelerated more than forecast, Econ Min Azmin Ali insisted that the country
still outperforms many of its neighbours. Meanwhile, Fitch downgraded its
Malaysia growth forecast for 2020 to +3.7% Y/Y from +4.5%.
- The rate sits at MYR4.1425, 10 pips above neutral levels. A clean break above
MYR4.1488 would bring some topside impetus, opening up the 200-DMA at MYR4.1526.
The downside focus is on the Feb 12 low of MYR4.1267. Bears need a fall below
there to regain some poise.

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