Halister News

(Bloomberg) -- Malaysia 5-year interest rate swaps may fall toward an eighteen month low of around 3.6000% if a rebound in exports encourage inflows into ringgit assets, Bloomberg strategist Mark Cranfield writes.

• Click here for chart of 5-year swaps
• Feb. exports probably rose 2.9% y/ after contracting 2.8% y/y in Jan., according to median est. in Bloomberg survey; click here for exports chart; estimates range from -3.7% to +7.2%; data due tomorrow at noon local time
• MYR 5-year swaps in a downtrend from Sept. peak at 4.4400%, also holding below 50-DMA, now at 3.7000%
• MACD below zero line since Oct.
• 5-year swaps down 1 bp to 3.6850%; last touched 3.6000% in Oct. 2013
• NOTE: Mark Cranfield is an FX strategist who writes for First Word. The observations he makes are his own and are not intended as investment advice.