Ringgit eyes opposing cues from oil, trade war

Ringgit eyes opposing cues from oil, trade war

KUALA LUMPUR (March 15): Ringgit erases early gains as concern over increasing U.S. trade protectionism offsets the supportive effects from a rebound in energy prices.

* USD/MYR is little changed at 3.9070 after dropping 0.1% to 3.9005

** Support 3.8857, 3.8663, 3.8465; resistance 3.9313, 3.9326, 4.0055

** Brent crude +0.1%

* MYR has been affected by portfolio outflows although it has fared better than some regional peers such as INR, says ANZ senior currency strategist Irene Cheung

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