Malaysia Ringgit Hits Weakest in Over 4.5 Years VS USD

        0216 GMT [Dow Jones] USD/MYR chalks up a more than 4.5-year high as it rallies higher within the daily Bollinger uptrend channel that now supports at 3.3485 versus 3.3450 on Tuesday. The return of USD/JPY buying--on expectations that the snap election in Japan will reaffirm Prime Minister Abe's monetary easing policies--is fuelling most USD/Asia pairs higher again. USD/MYR continues to show positive technical signs on the daily and weekly chart, and could soon also appear bullish on the monthly chart if it ends November above 3.3345--the top of the monthly Ichimoku Cloud resistance zone. USD/MYR is now 3.3575 from its Tuesday close of 3.3515. (ewen.chew@wsj.com)
        (END) Dow Jones Newswires

        November 18, 2014 21:16 ET (02:16 GMT)

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