USD/RON Vs USD/MYR. For MYR is the Malaysian Ringgit and a dead mover currency pair while USD/RON is the Romanian Leu and moves really well.
Both exchange rates are practically the same and trade with 3.0 handle. The trade for USD/RON is the measure against slow mover USD/MYR.
USD/RON on January 5th crossed above USD/MYR. For USD/MYR traded 3.9953 and USD/RON at 3.9574 or ab average of 189 pips.
This means 1.9763 becomes the crossover point. USD/RON today traded highs at 4.0015 or + 225 pips.
USD/MYR remained dead.
A laugh. See FXstreet headlines today. MUFG bank saysCurrent account deficit will underpin the Ringgit. The Ringgit has been underpinned for centuries as a dead issue to trade.
Here’s longs and shorts for USD/RON from January 4 to 10