MNI BRIEF: Trump Tariffs To Push China, EU Cooperation - BOC

MNI: PBOC Net Drains CNY156.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1877 Fri; -1.39% Y/Y

MNI BRIEF: China May Inject CNY1 Trln To Replenish Big Banks

MNI BRIEF: China Sees Progress On EU EV Deal

MNI: PBOC Net Drains CNY279.8 Bln via OMO Thursday

MNI JAPAN NOV TOKYO CORE CPI +2.2% Y/Y; OCT +1.8%

MNI: GERMANY NOVEMBER FLASH HICP -0.7% M/M (FCST: -0.5%)

MNI: GERMANY NOV CPI +2.2% Y/Y

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Largest Monthly Gain Since November '22, Mfg PMI Ticks Higher In July

MYR

The Ringgit had its largest monthly gain since November 2022, USD/MYR fell ~3.4% in July as the Ringgit marginally extended its post US CPI gains late in the month.

  • Today broader USD trends are dominating flows as the greenback is firmer after a weaker than forecast China Caixin Mfg PMI print. USD/MYR is ~0.1%, last printing at 4.5100/40.
  • Bears immediate focus is on the 200-Day EMA (4.5017), a break through here opens the low from Apr 14 at 4.3828. Bulls first target the 20-Day EMA (4.5690).
  • S&P Global Mfg PMI ticked higher in July, the measure printed at 47.8 rising from 47.7 prior. Despite the uptick this is the twelve consecutive month of contraction.
  • Looking ahead the domestic data docket is empty for the remainder of the week.
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.