USDMYR - Malaysia Ringgit Strengthening

Ringgit is strengthening, probably due to rising oil price and institutional position.
If 4.18 support does not hold, likely fall to at least to 4.15

Kommentar:

While maintaining Overnight Policy Rate (OPC) unchanged at 3%, the central bank said it may consider reviewing the current degree of monetary accommodation.

An unexpected hint about potential removal of accommodative stance sent the Ringgit higher across the board.

Press release:
www.bnm.gov.my/index.php?ch=en_pres...

Kommentar:

4.16 now

Kommentar:

4.13 now, see more downside

Trade geschlossen: Ziel wurde erreicht

Kommentar:

Update: