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Highlights
of today’s FX Daily Outlook as follow:-
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· Ringgit fell 0.70%
against USD to 4.057, the worst performing Asia ex-Japan currency
· Expect a depreciation
bias between MYR against US dollar
· Key watch:- (i) BoE
meeting
· Technically, 100-day
MA of 4.012 will act as support and the 50-day MA will set 4.057 as immediate
resistance
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Thursday, August 4, 2016
· Ringgit fell 0.70% against USD to 4.057, the worst performing Asia ex-Japan currency
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