INSIDE MALAYSIA: Ringgit Falls; 5-Yr CDS Costs at 3-Month High
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- Ringgit falling for fourth day ahead of inflation data at noon local time; median est. in Bloomberg survey is +2.0% vs +2.1% in April.
Alert: HALISTER1- Five-year credit protection costs for Malaysia rose 4 bps yday to 172 bps, highest daily close in three months, according to CMA New York data
- Ringgit down 0.1% to 4.1115 per dollar, according to onshore prices
- USD/MYR momentum studies turning bullish with pair holding above 50-DMA at 4.0067 for past month; click here for chart
- Moving toward 200-DMA resistance at 4.1818; other resistance levels at 4.1125 June 1 low, 4.1392, June 6 high
- SGD/MYR rising for fourth day, up 0.1% to 3.0310
- 1MDB to review IPIC arbitration once served with copy
- PM Najib says he didn’t abuse power or derail probes
- 10-yr govt bond yield closed yday up 1 bp at 3.882%
Source: BFW (Bloomberg First Word)
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UUID: 7947283