Ringgit hovers near 10-month low before CPI report
KUALA LUMPUR (Sept 19): Ringgit trades near a 10-month low before a report that’s expected to show inflation growth eased further last month.
* USD/MYR steady at 4.1430; reached 4.1535 last week, highest since November
** Support 4.0900, 4.0847, 4.0413; resistance 4.1535, 4.1645, 4.2437
* Near-term key level for USD/MYR remains at 4.15 as the ringgit maintains a gradual descent against the greenback in line with regional FX, says Mingze Wu, FX trader at INTL FCStone Global Payments in Singapore