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


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.”

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Latest Forex News


Latest Forex News

Editors’ Picks

GBP/USD bursts over 1.34 amid hopes for a Brexit breakthrough

GBP/USD has surged through 1.34 amid reports that Brexit talks enter an intense phase called a "tunnel." The EU and the UK hope to strike a deal by the end of the week. USD weakness is also in play.

GBP/USD News

EUR/USD surges to highest since 2018 amid upbeat market mood

EUR/USD has broken above the previous 2020 peak of 1.2011 amid an upbeat market mood. The US ISM Manufacturing PMI missed estimates Markets are upbeat about a coronavirus vaccine and await stimulus hints from Powell.

EUR/USD News

XAU/USD climbs above key $1,800 resistance

The XAU/USD pair slumped to its lowest level since early July at $1,764 on Monday but staged a decisive rebound on Tuesday. As of writing, gold was trading at $1,813, gaining 2.05% on a daily basis. In the absence of significant fundamental drivers, the USD's market valuation seems to be impacting the pair's movements.

Gold news

Bitcoin ultimate liftoff to $22,500, crypto bull market at the threshold

The cryptocurrency market appears to be retreating after Bitcoin hit a new all-time high of around $19,882. Over the last 24 hours, the top 50 crypto asset posted considerable gains.

Read more

Black Friday 2020 Discounts!

Learn to trade with the best! Don't miss the most experienced traders and speakers in FXStreet Premium webinars. Also if you are a Premium member you can get real-time FXS Signals and receive daily market analysis with the best forex insights!

More info

Forex MAJORS

Cryptocurrencies

Signatures