- USD/MYR broke above 3.72 level after weaker Feb CPI, 0.1%y/y vs forecast 0.2%
- Recent fall in prices along with fiscal deficit increases chance of rate cut
- Pair rose to 3.7250-70 last, NDFs 3.7370-10
Technicals
Add as a preferred source on GoogleUSD/MYR rose above 3.72; Feb CPI below forecast
USD/MYR broke above 3.72 level after weaker Feb CPI, 0.1%y/y vs forecast 0.2% Recent fall in prices along with fiscal deficit increases chance of rate cut Pair rose to 3.7250-70 last, NDFs 3.7370-10
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