USD/MYR: Further range bound in the pipeline – UOB By pabspiovano USDMYR Malaysia Currencies Crosses Banks
is now expected to remain sidelined within the 4.1800-4.2100 range so far, suggested Quek Ser Leang at UOB Group’s Global Economics & Markets Research.“We highlighted last Monday that risk for USD/MYR has shifted to the upside but ‘it is premature to expect a break of the major resistance at 4.2150’. USD/MYR subsequently rose to 4.2100 before pulling back to trade sideways, albeit in a choppy manner.
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