USD/MYR Forwards Slide to Nine Month Low Overnight on 1MDB, Oil
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- USD/MYR 1-month NDF slid as much as 1.7% in New York to 3.8317, weakest since late July as oil prices extend rebound while investors see 1MDB bond payments being made on time.
Alert: HALISTER1- 1-month NDF now up 0.5% to 3.8625
- Spot USD/MYR closed onshore yesterday down 0.9% to 3.8920
- Brent crude futures rose 2.6% to $44.03/bbl
- Five-year credit-protection costs for Malaysia fell yesterday by 1.5 bps to 161.5 bps, according to CMA New York data
Source: BFW (Bloomberg First Word)
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UUID: 7947283