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Why MNI
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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 AccessMalaysia Wary Of Potential Virus Resurgence
Spot USD/MYR re-opened on a softer footing, likely as a result of overnight greenback sales. The pair last sits at MYR4.1245, 20 pips worse off on the day.
- A break below Apr 7 low/23.6% retracement of the Jan 4 - Mar 31 rally at MYR4.1220/4.1205 would shift focus to Mar 18 low of MYR4.1020. On the flip side, a jump above Apr 9 high of MYR4.1454 would expose Mar 31 cycle high of MYR4.1590.
- FinMin Zafrul said that MYR420.8mn of micro credit financing has been channelled to 12,651 micro, small, and medium enterprises under Malaysia's Short-term Economic Recovery Plan.
- Malaysian epidemiological experts warned against the impending fourth wave of infections. PM Muhyiddin called upon Ramadan bazaar visitors to observe existing Covid-19 restrictions.
- The Health Ministry identified 22 cases as "variants of concern" since February. These variants are suspected to be more contagious.
- Nothing much left on Malaysia's docket this week. The country's biggest lender Maybank will hold a briefing today.
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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.