The USD/MYR is testing its key support level at 3.0500; the pair is last 3.0510 vs 3.0590 late Monday in Asia, tracking the greenback's weakness against most Asian currencies, with better-than-expected U.S. manufacturing data supporting risk sentiment in Asian trade. "The market will look for a close below the 3.0500-3.0510 region for downside confirmation, and the MYR will probably extend its bullish bias towards 3.0300," says a trader with a local bank.
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