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Monday, 28 May 2012

2012.05.28 04:43:54 MARKET TALK: USD/MYR Down; 3.1350 Floor Tipped

0243 GMT [Dow Jones] The USD/MYR is down at 3.1440 vs 3.1570 late Friday, tracking mild gains in regional currencies against the greenback. Traders says there is some profit-taking after recent gains, but with persistent euro zone worries the downside is likely to be limited in the near term. One trader says "the market is thin and will likely remain rangebound for the session." He tips support at 3.1350. (ankur.relia@dowjones.com) Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com (END) Dow Jones Newswires May 27, 2012 22:43 ET (02:43 GMT)

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