Thursday, October 15, 2009

DJ MARKET TALK: USD/MYR At New 13-Mo Low; 3.3550-3.3700 Eyed

0016 GMT [Dow Jones] USD/MYR at fresh 13-month low 3.3650 vs 3.3680 last close on expectation dollar will continue to weaken, says dealer with local bank; notes pair also in line with USD/SGD. "I think the dollar-ringgit may see-saw within the 3.3550 to 3.3700 range on intermittent profit taking as (ringgit) gains are looking enticing." Thinks pair still biased down, tips 3.3500 as immediate support.


Dow Jones Newswires

October 14, 2009 20:16 ET (00:16 GMT)

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