Thursday, April 25, 2013

(BFW) INSIDE MALAYSIA: Ringgit Falls; Goldman Sees Rates Increasing


INSIDE MALAYSIA: Ringgit Falls; Goldman Sees Rates Increasing
2013-04-25 00:22:56.891 GMT

By Bloomberg News
April 25 (Bloomberg) -- Ringgit declines 0.1% to 3.0514 per
dollar; pivot point at 3.0512; support at 3.0566, 3.0649,
3.0786; resistance at 3.0429, 3.0375, 3.0238.
* Currency approaching 100 WMA at 3.0816
* Macro implications of BOJ easing likely to be more important
than any influence from further foreign buying of Asian
debt, Goldman Sachs writes in note; rates expected to rise
in Malaysia, Korea, China, Thailand and Taiwan through the
course of the year on better domestic and global outlook
* 1-month implied volatility snaps 11-day increases, dropping
7 bps to 8.5725%
* 12-month forwards little changed at 3.1110 per dollar
* 1-yr IRS steady at 3.2100%; 5-yr swaps increase 3 bps to
* Yield on 3.172% govt bonds due July 2016 increased 4 bps to
3.007% yesterday while yield on 3.48% notes due March 2023
was little changed at 3.390%

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--Karen Yeung. Editor: Ven Ram

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