Ringgit hovers near 2-year high before trade report
KUALA LUMPUR (April 4): Malaysia’s ringgit traded near a two-year high, with investors awaiting data on the nation’s trade balance and foreign-exchange reserves data due later this week.
* USD/MYR steady at 3.8645; hit 3.8533 on Monday, lowest since April 2016
** Support 3.8465, 3.8000, 3.7310; resistance 3.9290, 3.9313, 4.0055
* Trade surplus probably narrowed to RM8.35 billion vs RM9.71 billion in January: Bloomberg survey shows before report due Thursday
** Exports +8.3% in February y/y vs +17.9% in January: survey
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