On a day of low volatility, the US Dollar continues to decline against the Ringgit and is now trading at 4.3130. Malaysia’s economy has consistently shown good numbers and this has attracted the attention of investors interested in investing in Southeast Asia. The unemployment rate in Malaysia has been decreasing in recent months (3.6%) and so has inflation (4%). Driven by the restrictive monetary policy adopted by the Federal Reserve (FED), in recent months the USDMYR has reached the highest price since 1998 at 4.7475. However, due to the cyclical nature of the market, the recent bullish move gave place to a bearish retracement, which could bring the USDMYR down to the 4,000 region over the next few months.
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© 2019 High Leverage FX - All Rights Reserved.