The US Dollar has fallen against the MYR this Tuesday, due to the fact that the Building Permits for the US came lower than expected. The DXY (Dollar Index) has fallen too, but in a larger proportion than that seen on the USDMYR because of the increasing fear of new variants of the Covid-19 in Singapore, India and Thailand. This Wednesday the market will be paying close attention to the US Federal Open Market Committee (FOMC) Meeting Minutes, which could give an outlook about the monetary policy from the FED for the months ahead. From a technical point of view, the market had been trading below an important resistance at 4.1350. If the price breaks above that level, an upward movement could be seen until Friday.
