Saturday, 21 Mar 2020 10:11 AM MYT
FXTM Market Analyst Han Tan said global investors will be looking out for further signs of the economic carnage caused by Covid-19, while awaiting data on Purchasing Managers’ Index , retail spending and external trade figures expected to be announced next week. For the week ahead, he said that the continued easing of the USD-funding stress could push the USD/MYR closer back towards the 4.30 psychological level.
On the oil front, benchmark Brent crude was recorded at US$34.52 per barrel before sliding to US$28 per barrel yesterday.