Halister News

(Bloomberg) -- Ringgit drops 0.4% to 4.1840 per dollar; Brent crude declined 0.6% to $34.28 yesterday, still above its 10-DMA of 32.59.

• FX pair above its pivot point at 4.1757; support at 4.1472, 4.1250, 4.0743; resistance at 4.1979, 4.2264, 4.2771; MACD rising above signal line for first time in a month
• Ringgit’s 1-mo. NDF down 0.1% to 4.1867
• Malaysia will release foreign reserves data on Feb. 22; preview here
• Malaysia’s medium-term structural story is unattractive as it remains hampered by “Dutch disease,” and its non- commodity competitiveness has been gradually eroded over the years, Morgan Stanley writes in note dated yesterday
  • Structural reforms to boost quality of human capital are required to help Malaysia go up the value-add curve
  • Weak political environment means that would likely stall
• Yield on 3.955% govt bond due Sept. 2025 closed 1 bp lower yesterday at 3.917%
• Five-year credit-protection costs for Malaysia rose yesterday for first time in five days by 2 bps to 180 bps: CMA