Forex - Malaysia Flows: USD/MYR eyes 4.2000 resistance, as risk-off sentiments remain strong


 03:23 (GMT) 13 Aug

  [Forex Flows]

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Malaysia Flows: USD/MYR eyes 4.2000 resistance, as risk-off sentiments remain strong (0101-NGLX-C01)

USD/MYR resumed for trading on Tuesday after Monday's market holiday. Pair opened at 4.1830 before rising to an intra-day high at 4.1930. Risk-off sentiments continue to lift the pair higher and we expect pair to eye the 4.2000 resistance next. If broken, will turn our attention to the 4.2080 resistance next. Oil prices extended its recovery from previous week. Focus for the week will be on Malaysia's Q2 GDP and July CPI data on Friday. We expect both figures to remain unchanged. 1M NDFs were trading at 4.1095 at last look, while KLCi was down 1.16% at last sight.


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