INSIDE MALAYSIA: Ringgit Slips; CDS Premium Least Since August
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- Ringgit snaps two-day rally; Ministry of Finance Secretary General Irwan Serigar Abdullah to become new head of Bank Negara Malaysia, the Wall Street Journal reported, citing an unidentified banker familiar with the matter.
Alert: HALISTER1- Irwan responds by saying “he doesn’t know”: Star newspaper
- MYR is likely to be the best-performing currency in Asia this year if global oil prices continue to recover, Capital Economics writes in recent note; sees USD/MYR ending 2016 at 4.00
- Ringgit falls 0.1% to 4.0925 per dollar, according to onshore prices
- USD/MYR approaching 4.0750 pivot line, which has supported pair for past seven months; click here for chart
- Yield on 3.955% govt bond due Sept. 2025 fell 2 bps last week to 3.888%
- Five-year credit-protection costs on nation declined by 11 bps last week to 154 bps, lowest in seven months, according to CMA New York data
Source: BFW (Bloomberg First Word)
To de-activate this alert, click here
UUID: 7947283