Forex News USD/MYR at 3.2400, tad up vs 3.2380 previous close; dealers say pair may fall after June CPI rises faster than expected - June CPI +7.7% at 26-year high vs +6.7% tipped in Dow Jones poll. "The June inflation figure will add to the mounting pressure for Bank Negara to hike rates this Friday. The anticipation may lend some strength to the ringgit," says dealer; but adds pair's fall likely supported by broadly firmer USD. Tips support at 3.2300, resistance at 3.2450.
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