Ringgit Fall Cushioned By Suspected Intervention

        0227 GMT [Dow Jones] USD/MYR rose as high as 3.3620 Thursday, notching a new 4.5-year high, after lead indicator USD/JPY continued its rampage higher overnight. But further USD/MYR upside may be hampered by suspected intervention from Malaysia's central bank. Bank Negara has been selling U.S. dollars intermittently in the spot market to stem ringgit weakness, according to a trader. 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 3.3580 from its Wednesday close of 3.3590. (ewen.chew@wsj.com)
        (END) Dow Jones Newswires

        November 19, 2014 21:27 ET (02:27 GMT)

#Ringgit
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