The USD/MYR is higher at 3.0614 from 3.0500 late Tuesday in Asia, reflecting "a degree of caution" over Spain's bailout plans, a local trader says. Spain's Prime Minister Mariano Rajoy Tuesday denied that a bailout request from Spain was imminent. The trader expects the pair to continue to trade in a 3.0500-3.0725 band as the market awaits further cues from Europe.
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