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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 AccessMYR: USD/MYR Marginally Down in Early Trading
- USD/MYR is modestly down at 4.3380/85 in Kuala Lumpur morning; versus Tuesday's close of 4.3422.
- Bloomberg Asia dollar spot index and the Bloomberg Dollar spot index are 0.04% higher at this mornings open.
- The softer US yield backdrop is aiding MYR, offsetting global growth/softer commodity price concerns at this stage. The resilient domestic growth backdrop another MYR positive
- USD/MYR one-month implied volatility is up this morning to 6.26%, versus 6.1825% close on Monday.
- Malaysia's 10-year bond yield is 1bp lower in yield at 3.75%
- Malaysia 5 yr USD CDS at 37bps (yesterday close 37bp, 5-year low 32 in 2020).
Headlines
- Yesterday’s rise in Industrial Production speaks to the robustness of the Malaysian economy with manufacturing leading the way.
- However, Palm Oil exports are cooling down 9.7% to 1.53 million tons, below expectations.
- Bank Negara Malaysia (BNM) governor hopes for wider acceptance and use of Islamic finance as a vehicle to drive efforts to transition to a greener economy, seeing sustainable finance and Islamic finance as important levers to address the economy’s funding needs.
Data Releases 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.