USD/MYR sticks to the range bound theme – UOB

USD/MYR is expected to navigate within the 4.3700-4.4000 range for the time being, comments Quek Ser Leang at UOB Group’s ‘Global Economics & Markets Research’.

Key Quotes

“USD/MYR traded between 4.3630 and 4.3930 last week before closing at 4.3870 on Friday (Malaysia market is closed for holiday today).”

“The price actions appear to be part of consolidation phase and USD is likely to trade 4.3700 and 4.4000 fop this week.”