MARKET TALK: USD/MYR Higher; Resistance At 3.0200 -Trader

The USD/MYR is higher at 3.0155 vs 3.0135 late Thursday in Asia, tracking the USD/SGD's rise after Fitch said it has downgraded three Australian Banks. "We're back into a risk-off trade again following the [Fitch] downgrade," a local trader says. Still, the pair may find resistance at 3.0200 as exporters are expected to sell near that level. She tips near-term support at 3.0000. The pair traded as low as 3.0070 earlier in the session.