The USD/MYR is higher at 3.1815 vs 3.1730 late Tuesday in Asia, as investors turn risk averse amid renewed concerns over Italy's debt problems and the slow pace of global economic recovery. "We're still bullish on the USD...the recent extension of Operation Twist has dimmed the likelihood of further action from the U.S. Fed," a local trader says; she tips the pair to trade in a 3.1700-3.1950 range in the near term. Investors are awaiting the release of FOMC minutes later in the global day.
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