USD/MYR May Remain Range-Bound Next Week Amid U.S. Economic Uncertainty -- Market Talk

Dow Jones

Aug 16, 2024

0434 GMT - USD/MYR may remain range-bound next week amid U.S. economic uncertainty, say Kenanga IB economists. Attention will turn to key Fed speeches for dovish hints ahead of the Jackson Hole event next week, they say. Given the uncertainty about the extent of the Fed's rate cut, ringgit may see some volatility but is likely to stay within the 4.43-4.46 range against the dollar, with potential for gains if domestic economic conditions improve further, they reckon. Kenanga pegs short-term USD/MYR resistance at 4.456 and support at 4.422. It projects the pair at 4.553 by end-3Q and at 4.416 in 4Q. USD/MYR is 0.1% higher at 4.4395. (yingxian.wong@wsj.com)

(END) Dow Jones Newswires

August 16, 2024 00:34 ET (04:34 GMT)

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Attention will turn to key Fed speeches for dovish hints ahead of the Jackson Hole event next week, they say. Given the uncertainty about the extent of the Fed's rate cut, ringgit may see some volatility but is likely to stay within the 4.43-4.46 range against the dollar, with potential for gains if domestic economic conditions improve further, they reckon. Kenanga pegs short-term USD/MYR resistance at 4.456 and support at 4.422. It projects the pair at 4.553 by end-3Q and at 4.416 in 4Q. USD/MYR is 0.1% higher at 4.4395. (yingxian.wong@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  August 16, 2024 00:34 ET (04:34 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>USD/MYR May Remain Range-Bound Next Week Amid U.S. Economic Uncertainty -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUSD/MYR May Remain Range-Bound Next Week Amid U.S. Economic Uncertainty -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-08-16 12:34</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0434 GMT - USD/MYR may remain range-bound next week amid U.S. economic uncertainty, say Kenanga IB economists. Attention will turn to key Fed speeches for dovish hints ahead of the Jackson Hole event next week, they say. Given the uncertainty about the extent of the Fed's rate cut, ringgit may see some volatility but is likely to stay within the 4.43-4.46 range against the dollar, with potential for gains if domestic economic conditions improve further, they reckon. Kenanga pegs short-term USD/MYR resistance at 4.456 and support at 4.422. It projects the pair at 4.553 by end-3Q and at 4.416 in 4Q. USD/MYR is 0.1% higher at 4.4395. (yingxian.wong@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  August 16, 2024 00:34 ET (04:34 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"USD","symbol_name":"ProShares Ultra Semiconductors","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2459259600","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2459259600","pubTimestamp":1723782840,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0434 GMT - USD/MYR may remain range-bound next week amid U.S. economic uncertainty, say Kenanga IB economists. Attention will turn to key Fed speeches for dovish hints ahead of the Jackson Hole event next week, they say. Given the uncertainty about the extent of the Fed's rate cut, ringgit may see some volatility but is likely to stay within the 4.43-4.46 range against the dollar, with potential for gains if domestic economic conditions improve further, they reckon. Kenanga pegs short-term USD/MYR resistance at 4.456 and support at 4.422. It projects the pair at 4.553 by end-3Q and at 4.416 in 4Q. USD/MYR is 0.1% higher at 4.4395. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"USD":"ProShares Ultra Semiconductors"},"translate_title":"由于美国经济不确定性，美元/马币下周可能保持区间波动——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"US10Y.BOND":0.76,"USDMYR.FOREX":1,"US912797GW17.BOND":0.6,"US912797HE00.BOND":0.6,"US12M.BOND":0.76,"US912797GL51.BOND":0.6,"US5Y.BOND":0.76,"US6M.BOND":0.76,"US2Y.BOND":0.76,"US7Y.BOND":0.76,"US3Y.BOND":0.76,"US30Y.BOND":0.76,"USD":1,"US912797GK78.BOND":0.6},"content_text":"0434 GMT - USD/MYR may remain range-bound next week amid U.S. economic uncertainty, say Kenanga IB economists. Attention will turn to key Fed speeches for dovish hints ahead of the Jackson Hole event next week, they say. Given the uncertainty about the extent of the Fed's rate cut, ringgit may see some volatility but is likely to stay within the 4.43-4.46 range against the dollar, with potential for gains if domestic economic conditions improve further, they reckon. Kenanga pegs short-term USD/MYR resistance at 4.456 and support at 4.422. It projects the pair at 4.553 by end-3Q and at 4.416 in 4Q. USD/MYR is 0.1% higher at 4.4395. (yingxian.wong@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  August 16, 2024 00:34 ET (04:34 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}