RPT-MNI INTERVIEW: Kaplan Says Loose Fiscal Is Holding Up Cut

MNI: Japan Dai-ichi Life To Up 30-Year JGBs Above 2%

MNI BRIEF: Policy Move Eyed If Inflation Meets 2% - BOJ's Ueda

MNI: PBOC Conducts CNY2 Bln Via OMO Tues; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1059 Tues; -5.03% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS TUES

EZ/UK T-Bill Calendar: Greece, Italy Auction on Wednesday

April PMIs: Price Pressures Amid Stronger But Uneven Growth

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

USD/MYR Takes Out MYR4.30, Inflation Report Takes Focus

MYR

Spot USD/MYR extended a sharp rally on Thursday, topping out at MYR4.2950, its highest point in almost two years. Topside momentum remains, with the pair adding 152 pips just this morning to last trade at MYR4.3042.

  • The rate has ripped through the MYR4.3000 figure for the first time in almost two years, as bulls remain in the driving seat. Its RSI is climbing further into overbought territory.
  • Our technical analysts flags that attention is on the 76.4% retracement of the Mar '20 - Jan '21 downleg at MYR4.3420. Bears keep an eye on MYR4.2490, the high print of Nov 26 and former breakout level.
  • All eyes are on Malaysia's CPI data for the month of March, due for release later today. Inflation is expected to have accelerated to +2.3% Y/Y from +2.2% recorded in February.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.