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Highlights
of today’s FX Daily Outlook as follow:-
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· Ringgit closed 0.32%
weaker against USD, the worst performing Asia ex-Japan currency
· MYR trading range
against USD is at 4.014 to 4.138 and expect depreciation bias
· Key watch:- (i) EIA
crude oil stocks change (ii) US ADP employment change
· Technically, 100-day
MA of 4.013 will act as support and the 50-day MA will set 4.054 as immediate
resistance
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Wednesday, August 3, 2016
· Ringgit closed 0.32% weaker against USD, the worst performing Asia ex-Japan currency
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