USDMYR - Malaysia Ringgit Strengthening

Aggiornato
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
Nota
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:
bnm.gov.my/index.php?ch=en_press&pg=en_press&ac=4540&lang=en
Nota
4.16 now
Nota
4.13 now, see more downside
Trade chiuso: obiettivo raggiunto
Nota
Update:

USDMYR - Support turned Resistance
Beyond Technical AnalysismalaysiaringgitTrend AnalysisUSDMYR

Declinazione di responsabilità