Ringgit extends rally on GDP outlook, weak USD
KUALA LUMPUR (Sept 8): Ringgit heads for its biggest weekly gain in a year as the dollar extends declines and traders bet on an improving Malaysian growth outlook.
* USD/MYR drops 1.8% this week to 4.1950, set for its biggest 5-day decline since July 2016; falls 0.4% Friday
** Support 4.1733, 4.1442; resistance 4.2262, 4.2505, 4.2843
** NOTE: BNM said Thursday Malaysia’s growth in 2017 will be better than expected, underpinned by an improved global outlook and strong domestic demand
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