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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.
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Free AccessMNI: China CFETS Yuan Index Up 0.01% In Week of Nov 22
MNI: PBOC Net Injects CNY76.7 Bln via OMO Monday
Extends Gains On Broader Risk-On Flows, Prints Another YtD High
Spot USD/MYR grinds lower still, printing fresh YtD lows at the start to the week. It last sits -20 pips at MYR4.0475, after a familiar combination of risk-on developments from over the weekend inspired USD sales across the board.
- PM Muhyiddin said on Sunday that the gov't is planning to boost orders of Covid-19 vaccines, as it aims to inoculate 60% or 70% of the population.
- Elsewhere, the Health Ministry's director-general Noor Hisham said that Malaysia is shortening the quarantine period for inbound travellers to 10 from 14 days, effective from today.
- A clean break below the lower 2.0% Bollinger band at MYR4.0457 (today's early low was at MYR4.0445) would clear the way to the psychological MYR4.0000 level. Conversely, a rebound above Dec 7 high of MYR4.0885 would give bulls some hope for a more energetic recovery.
- The Malaysian economic docket is virtually empty this week, when it comes to regular events/data releases.
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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.