HALISTER1: USD/MYR Extends Gain; Singapore Orders BSI Shut Amid 1MDB Probe

USD/MYR Extends Gain; Singapore Orders BSI Shut Amid 1MDB Probe

(Bloomberg) -- USD/MYR rises to 4.1298, strongest since March 16, after Singapore’s central bank orders BSI SA’s unit in the city-state to shut down; first time in 32 yrs it has withdrawn license from a merchant bank.
  • Next resistance level at 4.1375, 50% retracement of decline from Jan. 7 to April 13
  • USD/MYR now up 0.9% to 4.1220
  • SGD/MYR up 0.8% to 2.9839
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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