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Virus Matters Front & Centre

MYR

Spot USD/MYR is happy to hold Friday's range and last sits at MYR4.1275, 18 pips better off on the day.

  • Health Min Adham said that the decision on the closure of schools will be made based on the assessment of the district health office, Education Ministry (MOE) and the state government.
  • The Tourism Ministry said it will refine the standard operating procedure surrounding pilgrimages to Mecca and Madinah. Elsewhere, the situation at the packed Ramadan bazaars continues to worry officials.
  • The state of Kelantan recorded the highest infectivity rate in the country on Sunday. A Covid-19 case in Kelantan infected on average 1.32 persons, compared with the nationwide R rate of 1.19.
  • A break above Apr 9 high of MYR4.1454 would generate some bullish impetus, bringing Mar 31 high of MYR4.1590 into play. Conversely, a break under Apr 15/7 lows of MYR4.1228/20 would expose Mar 18 low of MYR4.1020.
  • Focus turns to Thursday's foreign reserves data & Friday's CPI report.

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