The US Dollar lost ground against the Chinese Yuan in the last days amid uncertainties around the inflation in the US and the next steps from the FED. Now that FED has clarified that it will not change the interest rate until the unemployment rate reaches the pre-pandemic levels, the Dollar is more lateralized. The USDCNH has touched an important level of Support and now seems to be ready for some upward movement. If the price breaks above the 6.4160 it could rise until 6.49 in the next days.
The US Dollar has fallen against the Ringgit this Wednesday due to the New Home Sales in the US and the Consumer Confidence; both came lower than expected. The USDMYR has now been traded at 4.1400 and the market could fall until 4.1220 in the next few days, where it can find some temporary support. From a technical point of view, if the market breaks below the 4.1220, it could fall until the 4.1000 by mid of May.
