USD/MYR: No changes to the consolidative mood – UOB

Markets Strategist Quek Ser Leang at UOB Group expects USD/MYR to extend the current side-lined trading in the next few sessions.

Key Quotes

Last week, we highlighted that USD/MYR “could continue to trade in a range this week, likely between 4.6200 and 4.6700.” USD/MYR then traded in a narrower range of 4.6270/4.6540.

The quiet price actions offer no fresh clues, and we continue to expect USD/MYR to trade in a range, likely between 4.6250 and 4.6660.