The US Dollar has ended flat against the Ringgit this Tuesday. Despite the very positive data coming from the ISM PMI for the US, the Dollar managed to gain only 0.05% against the Ringgit. This happens amid an acceleration in the vaccination rollout in Malaysia and the new infection curve that starts to flat, considering the last 30 days. From a technical point of view, the price is now sitting at an important decision area, around 4.1250. If the price breaks the 4.1300 level to the upside, it could go to the 4.1550 in the next few days. If the price breaks the 4.1200 level to the downside, it could go to the 4.0950 in a few days.
The US Dollar has made a significant move against the Indian Rupee, gaining 0.61% this Tuesday. This up move was mostly driven by the ISM PMI for the US, which brought a higher-than-expected number, meaning that purchasing managers of the main companies in the US are positive for the future. From a technical point of view, the USDINR touched an important level of support on Friday, and it is now showing a strong bullish movement. Should the scenario remain unchanged, the USD could rise until 74.00 against the Indian Rupee in the next days.
