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USD/MYR Ticks Away From 2023 Highs

MYR

USD/MYR has followed the broader USD move this morning falling ~0.4% as the pair re-opens after yesterday's holiday and is ticking away from Wednesday's 2023 high.

  • In early dealing USD/MYR has fallen below the 4.70 handle to sit at 4.6870/4.6920.
  • Bulls target the high from 4 Nov 2022 (4.7495). Bears first target the 20-Day EMA (4.6788).
  • Palm Oil futures have consolidated recent gains in todays trading, the December contract now sits ~4% above last weeks low.
  • Looking ahead on Monday we have September S&P Global Mfg PMI, there is no estimate and the prior read was 47.8.

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