2011年5月10日星期二

USD/MYR Higher Late; 2.9800-3.0000 Range Eyed Wed

The USD/MYR is a tad higher late at 2.9910 from 2.9865 late Monday. A local dealer says the pair is tracking some weaker Asians and a lower euro against the greenback "there's not much appetite for risk...investors are a little concerned over Greece debt problems," he says, adding that the pair may trend a little higher Wednesday but stay rangebound, like today. The dealer tips support at 2.9800 and resistance at 3.0000.

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