ActivTrades trader Dyogenes Rodrigues Diniz said investors were concerned that the new variant would cause another global lockdown.
"But it is now known that this variant is not as deadly as the previous ones. From a technical point of view, the USD/MYR is trying to break a major resistance region at 4.2400. "If the price manages to break above 4.2400, it could fall to 4.2900. On the other hand, if the USD/MYR breaks down from 4.1930, it could strengthen to 4.1400 in a few days' time,” he said in a statement.The ringgit appreciated against the Singapore dollar to 3.0915/0934 from 3.0974/0986 at Tuesday's close and strengthened versus the Japanese yen to 3.7188/7206 from 3.7221/7230.
It appreciated against the euro to 4.7599/7621 from 4.7699/7710 but weakened against the British pound to 5.5916/5943 from 5.6133/6147 at yesterday's close. - Bernama
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