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Ringgit in tight range before policy decision

Mimi Sabreena 4:03:00 PM Informasi

KUALA LUMPUR (March 7): Malaysia’s ringgit stays in a narrow range as investors await the outcome of a central bank review that may yield clues on the outlook for monetary policy.

* USD/MYR little changed at 3.9028 after rising 0.1% Tuesday

** Support 3.8857, 3.8663, 3.8465; resistance 3.9313, 3.9498, 4.0055

* BNM to keep its key rate at 3.25% later Wednesday: Bloomberg survey before decision at 3pm local time

** Central bank increased its benchmark by 25bps at previous meeting in January

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