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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.
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Free AccessMNI UST Issuance Deep Dive: Dec 2024
MNI US Employment Insight: Soft Enough To Keep Fed Cutting
MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
Malaysian Defence Min Warns Against Costs Of Full Lockdown
Spot USD/MYR has slipped in early Asia-Pac trade amid fading prospects for a hard lockdown after the current Movement Control Order expires & in reaction to overnight greenback weakness.
- Malaysian Defence Min Ismail Sabri Yaakob pledged that the decision on restrictions after the MCO expires will be announced by Feb 4. He warned that a full lockdown could cost 2.8mn jobs and would affect the incomes of another 2.5mn workers. In addition, he noted that mandatory testing of foreign workers will be expanded nationwide.
- Malaysia's opposition leader Anwar took the suspension of parliament to the courts and seeks a judicial declaration that the suspension is unconstitutional and illegal.
- USD/MYR last sits -75 at MYR4.0402 and bears look for further losses past Jan 21 low of MYR4.0290. Such a move would bring Jan 4 low of MYR3.9957 into view. Conversely, a push through the 50-DMA at MYR4.0552 would expose Jan 12 high of MYR4.0760.
- Malaysia's latest trade data will grab attention on Friday.
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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.