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USD/MYR trades +10 pips at MYR4.3953.....>

DOLLAR-MYR
DOLLAR-MYR: USD/MYR trades +10 pips at MYR4.3953 in the lead-up to the release
of Malaysia's CPI, due at the top of the hour. Foreign reserves data comes out
later in the day.
- A firm push through the MYR4.4000 figure would prompt bulls to set their
sights on Apr 23 cycle high of MYR4.4490. Meanwhile, a pullback under Apr 2 high
of MYR4.3888 would expose Apr 14 low of MYR4.2980.
- In local news, Malaysia's FinMin said that the current budget deficit target
already accounts for lower oil prices, but the gov't might reprioritize spending
if crude rout causes revenue to fall. Off'ls will also look into ways to
diversify sources of revenue.

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