USD/MYR: Next target comes at 4.40 – UOB By pabspiovano USDMYR Malaysia Currencies Crosses Banks
“We highlighted last Monday that ‘upward momentum is beginning to build’ and we held the view that the ‘risk for USD/MYR is on the upside towards 4.2600, possibly 4.2650’. While our view for USD/MYR to strengthen was correct, we did not anticipate the manner by which it lifted off and rocketed to a high of 4.3240 last Friday. Note that USD/MYR gained a whopping 2.13% last week, its largest 1-week advance in more than 2 years.
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