MUFG: MYR Bearish vs USD as US Yields Rise
MUFG analyst Lloyd Chan says the Malaysian ringgit has underperformed since the June FOMC meeting, pressured by higher US yields and a widening US-Malaysia rate differential.
USDMYR
MUFG's Lloyd Chan flags a bearish near-term outlook for the Malaysian ringgit against the US dollar.
The ringgit has underperformed since the June FOMC meeting, with higher US yields and a wider US-Malaysia rate differential weighing on the currency, according to the analyst.
No specific target or timeline was provided in the note.
Source: FXStreet Forex News