The US Dollar rose against the Ringgit on Friday and is now trading at 4.1935. The bullish move comes amid the release of several positive news for the Dollar. The Initial Jobless Claims came in lower than expected (214k real against 220k forecast) which tends to be good for the Dollar. The Building Permits also came in better than expected, signalling that the real estate sector is doing better than expected and a good economic recovery in the US. As the Fed raised the interest rate to the USD, it is possible that the US Dollar will appreciate over the next few days. From a technical point of view, if the USDMYR manages to break above the 4.2050 resistance, it could move up to 4.2450 in a few days.
