An Ececonomic View Of The US Dollar To Malaysian Ringgit Pair (USD/MYR)
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Further side-lined trading in USD/MYR is probable in the near term, likely between 4.6950 and 4.7400 according to Markets Strategist Quek Ser Leang at UOB Group’s Global Economics & Markets Research.
Key Quotes
“USD/MYR snapped its 8-week winning streak as it closed lower by 0.34% last Friday. The price action is likely the early stages of a consolidation phase”.
“In other words, USD/MYR is likely to trade sideways this week, expected to be within a range of 4.6950/4.7400”.
