Buying MYR via Short-Dated Debt Still Has Legs: Deutsche Bank
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
People
Sameer Goel (Deutsche Bank AG)
Swapnil Kalbande (Deutsche Bank AG)
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Emerging Mkts News, Analysis
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UUID: 7947283
(Bloomberg) -- Deutsche Bank says its March 29 tactical recommendation on long ringgit exposure through short-dated Malaysian govt securities “still has some juice left,” strategists Swapnil Kalbande and Sameer Goel wrote in note Tuesday.
- Recent liberalization in dynamic hedging regulations have partly helped sentiment, paving the way for ringgit to finally catch-up with peers
- MYR remains cheap and is still lagging behind downtrend in USD/Asians this year
- BNM may welcome a slightly stronger MYR to manage inflation and indicate confidence
- Offshore investor positioning is considerably lighter after the big sell-down
- NOTE: USD/MYR is -0.3% to 4.3145, approaching 200-DMA level which has not been tested since last October
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
People
Sameer Goel (Deutsche Bank AG)
Swapnil Kalbande (Deutsche Bank AG)
Topics
Emerging Mkts News, Analysis
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283