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Weakest Since mid-July, Local Docket Empty For Remainder Of Week

MYR

The Ringgit printed its lowest level since mid-July yesterday, as July's gains continue to be trimmed.

  • USD/MYR sits at 4.5775/4.5805, we sit ~1.7% firmer in August thus far after the 200-Day EMA (4.5053) provided support to the pair in late July.
  • Bulls focus on the high from 13 July at 4.6237. Bears first target the 200-Day EMA (4.5037).
  • Industrial Production fell more than forecast in June, printing at -2.2% Y/Y. A print of -1.0% had been expected. Manufacturing Sales Value printed at -4.0% Y/Y.
  • A reminder that the local docket is empty for the remainder of the week.

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