USD/MYR: Further range bound on the table – UOB

Pablo Piovano FXStreet

The Malaysian ringgit is expected to keep its consolidation intact vs. the greenback in the 4.1760-4.1960 range for the time being, suggested Quek Ser Leang at UOB Group’s Global Economics & Markets Research.

Key Quotes

“We expected USD/MYR to trade within a range of 4.1750/4.2000 last week. USD/MYR subsequently traded within a narrower range than expected (4.1800/4.1920).”

“The quiet price actions offer no fresh clues and we continue to expect USD/MYR to trade sideways, expected to be between 4.1760 and 4.1960.”

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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