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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.
MYR
Ringgit extended gains as Malaysia's CPI printed slightly above expectations. Annual consumer price inflation picked up to +1.7% Y/Y from +0.1%, beating BBG consensus forecast of +1.6%. Spot USD/MYR last trades -30 pips at MYR4.1087, familiar technical levels remain in play.
- A 9.8% Y/Y increase in transportation costs helped push headline index higher. Core CPI registered at +0.7% Y/Y.
- On a different front, the Malaysian King agreed to grant an audience to a group of opposition lawmakers who oppose the ongoing state of emergency.
Fig. 1: Malaysia CPI Y/Y vs. Core CPI Y/Y (%)
Source: MNI - Market News/Bloomberg
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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