The Ringgit is firmer in early dealing against the USD, broader greenback trends are dominating flows with this evenings US CPI print in view.

  • USD/MYR prints at 4.6480/4.6520, the pair is ~0.2% lower today and sits ~1% below year to date highs seen in late June.
  • Bears first look to break the 20-Day EMA (4.6474), a break through here opens 4.5975 the low from 16 June.
  • On tap today we have May Industrial Production, a print of 0.0% Y/Y is expected. The prior read was -3.3%. Also crossing is May Manufacturing Sales Value Y/Y, there is no estimate.

MYR: Firmer In Early Trade, Industrial Production On Tap

Last updated at:Jul-12 02:44By: Brendan McKeating

The Ringgit is firmer in early dealing against the USD, broader greenback trends are dominating flows with this evenings US CPI print in view.

  • USD/MYR prints at 4.6480/4.6520, the pair is ~0.2% lower today and sits ~1% below year to date highs seen in late June.
  • Bears first look to break the 20-Day EMA (4.6474), a break through here opens 4.5975 the low from 16 June.
  • On tap today we have May Industrial Production, a print of 0.0% Y/Y is expected. The prior read was -3.3%. Also crossing is May Manufacturing Sales Value Y/Y, there is no estimate.

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