MNI BRIEF: Fed Review Must Incorporate Many Scenarios - Kugler

MNI BRIEF: Fed's Kugler Says Makes Sense To Hold For Some Time

MNI BRIEF: Job On Inflation Not Done, Care Needed - BOE Pill

MNI BRIEF: Mexico Inflation Down To 3.59% In January

MNI BRIEF: Tariffs Force CBRT To Hike 2025 Inflation Forecast

MNI China Daily Summary: Friday, February 7

MNI: US DEC CONSUMER CREDIT +$40.8B

MNI: BAKER HUGHES US RIG COUNT 586; OIL RIGS 480; GAS RIGS 100

BAKER HUGHES CANADA RIG COUNT 249; OIL RIGS 177; GAS RIGS 72

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

GERMANY: Kukies Considers Potential Non-Implementation Of 2024 Suppl' Budget

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MYR: USD/MYR Lower, But Volatile As Trump Tariff Headlines Drive USD Swings

MYR
EM BulletBulletAPACEmerging Market News

USD/MYR opened lower, getting to 4.4525, before rebounding. These early gains reflected optimism around no early tariff action from the returning Trump administration. However, the pair sits back around 4.4750 in latest dealings (still around 0.40% stronger in ringgit terms). The USD recovery followed further trump headlines around potential 25% tariffs on Canada and Mexico, which could enacted on Feb 1.  

  • The Ringgit has breached the 20-day EMA of 4.4894 and the 200-day EMA of 4.4933 with next key technical support at the 50-day EMA of 4.4615.   
  • Bloomberg Asia dollar spot index is down by -0.01% and the Bloomberg Dollar spot index is up by +0.43%.
  • USD/MYR one-month implied volatility is up at 6.4150% from yesterdays close of 6.3350%  
  • Malaysia's 10-year bond yield is at 3.824%
  • Malaysia 5 yr USD CDS at 47bp (yesterday’s close 47bp, 5-year low 32bp in 2020). 

Headlines

Keep reading...Show less
206 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

USD/MYR opened lower, getting to 4.4525, before rebounding. These early gains reflected optimism around no early tariff action from the returning Trump administration. However, the pair sits back around 4.4750 in latest dealings (still around 0.40% stronger in ringgit terms). The USD recovery followed further trump headlines around potential 25% tariffs on Canada and Mexico, which could enacted on Feb 1.  

  • The Ringgit has breached the 20-day EMA of 4.4894 and the 200-day EMA of 4.4933 with next key technical support at the 50-day EMA of 4.4615.   
  • Bloomberg Asia dollar spot index is down by -0.01% and the Bloomberg Dollar spot index is up by +0.43%.
  • USD/MYR one-month implied volatility is up at 6.4150% from yesterdays close of 6.3350%  
  • Malaysia's 10-year bond yield is at 3.824%
  • Malaysia 5 yr USD CDS at 47bp (yesterday’s close 47bp, 5-year low 32bp in 2020). 

Headlines

Keep reading...Show less