HALISTER1: INSIDE MALAYSIA: USD/MYR Steady After Closing on 14-Month High

INSIDE MALAYSIA: USD/MYR Steady After Closing on 14-Month High

(Bloomberg) -- USD/MYR is little changed after closing on a 14-month high yesterday, with the dollar showing minor gains against most emerging market Asian currencies.
  • USD/MYR trades at 4.4615 per dollar
    • Approached key 4.4800 level yesterday
    • Resistance: 4.4800, Sept. 29, 2015 high; 4.6100, Jan. 26, 1998 high; 4.8850, record high in 1998
    • Support: 4.3876, 10-DMA; 4.2914, 21-DMA; 4.2001, 55-DMA
  • October CPI, due at 12:00 local time, probably rose 1.5%, unchanged from September, according to median estimate in Bloomberg survey
  • USD/MYR 1-mo NDF steady at 4.4975
  • Yield on 10-year govt bond closed yesterday up 5bps to 4.36%
  • Five-year credit-protection costs for Malaysia rose yesterday by 3.5bps to 169bps, according to CMA New York data
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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