USD/MYR risks a deeper drop near term – UOB – by pabspiovano USDMYR Malaysia Currencies Crosses Banks
remains under pressure and poised to drop further in the near term, suggests Markets Strategist at UOB Group Quek Ser Leang.“USD/MYR closed sharply lower for the fourth week in a row last Friday . While further weakness is not ruled out, deeply oversold conditions suggest any decline is likely to be at a slower pace and a clear break of 4.3240 is unlikely.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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