Halister News

(Bloomberg) -- Ringgit retreats in early trading, along with most Asian currencies, after Saudi Arabia and Russia’s preliminary pact falls short of expectations for oil cuts.

• MYR now down 1.4%, most since Nov. 9, to 4.2108 per dollar
• Brent crude closed down 3.6% at $32.18/bbl
• FX pair above its pivot point at 4.1418; support at 4.1268, 4.1000, 4.0582; resistance at 4.1686, 4.1836 has been broken, next is at 4.2254
• Ringgit 1-mo. NDF slips 0.2% to 4.2142, holding below its 200-DMA of 4.1079 since Oct. 2014; see chart here
• Nation’s 4Q GDP probably expanded 4.1% y/y, following 4.7% growth in 3Q, according to median est. in Bloomberg survey; data due tomorrow at 12.00pm local time
• Yield on 3.955% govt bond due Sept. 2025 closed yesterday up 0.5 bps at 3.923%