MYR: Forecasts lowered amid strong performance – DBS
Source Fxstreet
DBS Bank's Group Research report, authored by Philip Wee, has lowered its forecasts for the MYR, reflecting its strong performance against the USD. The report discusses recent trading trends and the factors contributing to the MYR's resilience in the market. This analysis suggests a positive outlook for the currency.
MYR shows resilience against USD
"We have lowered our 3Q26 forecast for USD/MYR to 3.80, the level it unpegged from the USD in July 2005."
"USD/MYR traded below 4.00 last week, for the first time since June 2018."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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