INSIDE MALAYSIA: Ringgit Falls; Reserves in Solid Position: Zeti
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- Ringgit drops more than other Asian currencies; central bank governor Zeti says process to choose successor is taking place.
Alert: HALISTER1- Ringgit slides 1.5%, most since early Sept., to 4.2165 per dollar
- FX pair above pivot point at 4.1418; support at 4.1268, 4.1000, 4.0582; resistance at 4.1686, 4.1836 broken, next at 4.2254
- Brent crude falls 0.9% to $31.88/bbl
- Malaysia seen selling dollar sukuk for second year
- Ringgit 1-mo. NDF drops 0.5% to 4.2289, holding below 200- DMA of 4.1080 since Oct. 2014; see chart here
- 4Q GDP probably expanded 4.1% y/y, according to median est. in Bloomberg survey; data due at noon local time tomorrow; economy grew 4.7% in 3Q
- Yield on 3.955% govt bond due Sept. 2025 up 0.5 bps at 3.929%
Source: BFW (Bloomberg First Word)
To de-activate this alert, click here
UUID: 7947283