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USD/MYR technical bias bullish, initial target 3.8

  • Pair  maintains firm bias above 3.7600 into European trades

  • Weak exports, -8.8% in April; 1MDB worries, ratings downgrade fears underpin

  • Pair last at 3.7610-30, traded 3.7480-3.7630 range so far

  • NDFs last 3.7715-3.7755; KLCI -0.42% 

 

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