INSIDE MALAYSIA:Ringgit Gains Ahead of June
Factory Output Data 8:24
• Ringgit advances 0.2% to 3.1005 per dollar before are port that may show Malaysia’s industrial output expanded at a slower pace in June.
• Malaysia will probably see June industrial production at +4.8% Yoy when govt releases data at around noon, according to median est. of economists in Bloomberg survey; May was +7.6%
• USD/MYR’s 14-day RSI at 34.4, approaching oversold level of 30; pivot point is at 3.1027; support is at 3.0950; resistance is at 3.1152
• 1-yr NDFs rise 0.2% to 3.1491 per dollar
• 1-mo. implied volatility falls 15bps to 6.30%
• 1-yr interest-rate swaps little changed at 3.085%
• Yield on 3.418% govt bonds due August 2022 little changed at 3.41% yesterday
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