USD/MYR: Extra losses remain in the pipeline – UOB

Pablo Piovano FXStreet

According to UOB Group’s Quarterly Global Outlook, the Malaysian ringgit could gather extra buying interest in the medium-term horizon.

Key Quotes

“We expect the MYR to continue its modest gains alongside stable crude oil prices above USD 40 / bbl over the next few quarters.”

“Our USD/MYR point forecasts are 4.12 for 4Q20, and 4.08 for 1Q21, and 4.05 for both 2Q and 3Q21.”

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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