HALISTER1: USD/MYR 1-Month NDF Extends Gain to 1% After BNM Holds Rate

USD/MYR 1-Month NDF Extends Gain to 1% After BNM Holds Rate

(Bloomberg) -- USD/MYR 1-month NDF extends early gains, climbing as much as 1.0% to 4.4641; pair trades above 10-DMA at 4.4189 and still below Nov. 11 high of 4.5848.
  • Spot USD/MYR gains 0.5% to 4.4420, below earlier session high of 4.4450
  • Malaysia to continue providing FX liquidity; story here
  • BNM holds policy rate at 3% as predicted by all in survey
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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