According to Quek Ser Leang, market strategist at UOB Group’s Global Economy and Market Research, a sideways trade in USD/MYR is likely in the near term, probably between .6950 and .7 00. Key tags „USD/MYR broke its 8-week winning streak to close 0.3 % last Friday. The price movement is likely to be in the early stages of a consolidation phase. „In other words, USD/MYR is likely to trade sideways this week and expected to remain in the .6950 / .7 00 range”.