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Default For each Next Loop

Hi,
this is my first time trying out the ...for..each..next loop
I'm trying to delete the entire row if the cell in the E column contains the
word "USD". I tried the codes below and get "run time error 424, Object
require" error. Any help would be very much appreciated.

Sub deleteUSD()
Dim rng As Range

myrange = Range("E8:E500")

For Each rng In myrange
If rng.Value = "USD" Then
rng.EntireRow.Delete
End If
Next rng

End Sub
 
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