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
3.3975%
* 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%


(To receive INSIDE MALAYSIA real-time via message, click here,
select 97) Actions, select "Save Search", give the search a
name and in the alert type dropdown select "Message", then
save.)


For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>

--Karen Yeung. Editor: Ven Ram

To contact Bloomberg News staff for this story:
Karen Yeung in Shanghai at +86-21-6104-3027 or
kyeung29@bloomberg.net

To contact the editor responsible for this story:
Ven Ram at +65-6212-1157 or
vram1@bloomberg.net

Reactions:

0 comments:

Post a Comment

Note: Only a member of this blog may post a comment.