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USD/MYR traded narrow range, market continue to cap rallies

Pair traded 3.8065-90 range only, BNM seen stubborn at 3.81 for now Matter of time before Central bank moves to higher intervention FX reserves at USD105.5bln end June vs USD116bln end December 2014 Pair last index at 3.…

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  • Pair traded 3.8065-90 range only, BNM seen stubborn at 3.81 for now

  • Matter of time before Central bank moves to higher intervention

  • FX reserves at USD105.5bln end June vs USD116bln end December 2014

  • Pair last index at 3.8055-95, NDFs 3.8270-3.8330; KLCI-1.04% 

 

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