MYR: Ringgit Down in Early Trading following US CPI.
- USD/MYR is down at 4.4292 in Kuala Lumpur this morning; versus yesterday's close of 4.4330.
- The underlying trend is showing signs of breaking down with the convergence of the 20-day EMA and the 50-day EMA, with Ringgit sitting between the two in this morning’s trading.
- Bloomberg Dollar spot index is -0.17% lower.
- USD/MYR one-month implied volatility is up at 5.68 from yesterdays close of 5.505%
- Malaysia's 10-year bond yield is at 3.815%
- Malaysia 5 yr USD CDS at 42bps (yesterday close 42bp, 5-year low 38bp in 2020).
Headlines
- Petronas Affirmed at BBB+ by Fitch (source: BBG)
- Malaysia approves RM254.7bil of investments in first nine months of the year with 42% of approvals, to foreign investment (source: The Star -Malaysia Business)
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