INSIDE MALAYSIA: Ringgit Slumps on Trump Trade Risk Concerns
Source: BFW (Bloomberg First Word)
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(Bloomberg) -- Ringgit at weakest since Jan. 28 as Trump win stokes anxiety the U.S. will adopt protectionist policies that hit Asian emerging currencies and stocks.
Alert: HALISTER1- Ringgit down 0.6% 4.2515 per dollar; touched 4.258 early session
- USD/MYR above 50-DMA at 4.1489
- Bullish momentum with MACD above signal and zero lines, slow stochastics %K at 81; chart here
- Najib growth push stymied by banks cautious on loans
- Malaysia 3Q GDP seen at 4%, same as 2Q: Bloomberg survey
- Data due Nov. 11 at 12pm local time
- 5-year credit-protection costs for Malaysia rose 5bps to 128bps on Wednesday, according to CMA New York data
Source: BFW (Bloomberg First Word)
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UUID: 7947283