Forex - Malaysia Flows: USD/MYR testing 4.0800 support, November's industrial production surprised on the upside


 04:21 (GMT) 10 Jan

  [Forex Flows]

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Malaysia Flows: USD/MYR testing 4.0800 support, November's industrial production surprised on the upside (0101-QFZT-C01)

USD/MYR opened flat at 4.0880 on Friday, before dipping to 4.0810, closing in on the 4.0800 support. Ringgit strengthened amid easing risk-off sentiments and stronger than expected Malaysia's industrial production. Industrial production surprised on the upside as it rose to 2.0% y/y in November from 0.3% y/y in October. A break below the 4.0800 support will shift our attention to the 4.0730 and 4.0700 support next. 1M NDFs were trading at 4.0846 at last look. KLCi was down 0.23% at last sight.


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