Ringgit volatility rises as trade war worsens

KUALA LUMPUR (July 13): Ringgit’s implied volatility rises this week by the most in 2 months despite limited moves in the spot, as U.S.-China trade tensions remain elevated and the dollar retains its strength.

* USD/MYR 1-month implied volatility climbs 0.16 vol Friday to 5.70; it has gained 0.21 vol this week

* Spot USD/MYR is little changed on the week to trade at 4.0385

** Support 3.9975, 3.9892, 3.9825; resistance 4.0515, 4.0660, 4.0920