The US Dollar has been sideways against Ringgit for the past few days and is now trading at 4.1540. After several days of declines, investors now appear to be awaiting the interest rate decision for the Ringgit, which is due to be released on Thursday, September 9th. From the Dollar, traders are awaiting data on Initial Jobless Claims, which will also be released on Thursday. This number can give important hints about the future of the monetary policies adopted by the Fed in the upcoming meetings. From a technical point of view, if USDMYR breaks down from 4.1430, it could drop to 4.1200 where it will find some support. On the other hand, if it breaks above 4.1600, it could rise to 4.2100 in the next few days.
