USD/MYR: Rising bets for extra gains – UOB – by pabspiovano USDMYR Currencies Crosses Banks
Key Quotes
“Our view for USD/MYR to ‘trade with a downward bias towards 4.4200’ last week was incorrect. From a low of 4.4300, USD/MYR turned around and surged to a high of 4.4780 last Friday. Upward momentum is strong and USD/MYR extended its rally today.”, but it might not be able to break above the March high of 4.5290. Support is at 4.4700, followed by 4.4500.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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