USD/MYR Lower; Improved Risk Appetite -Dealer

23 Aug 2012

The USD/MYR is lower at 3.0950 vs 3.1180 late Wednesday in Asia, tracking the USD's weakness against most regional currencies. "We're bearish on the USD in the short term amid expectations of U.S. Fed stimulus," says a local dealer, who tips further downside for the pair amid "improved risk appetite." She tips near-term support at 3.0900.

USD/MYR Off Highs; Bias Remains Up - Trader

29 May 2012

The USD/MYR is off its highs at 3.1467 vs 3.1471 late Monday in Asia, after rising to 3.1630 intraday on moderate USD-selling by exporters for month-end settlement, a trader at a local bank says.  However, the pair remains biased to the upside in the near term amid growing concern about Europe's debt crisis, she adds, tipping near term resistance at 3.1680.