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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
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MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
Onshore ringgit reopens catching up to...>
DOLLAR-MYR: Onshore ringgit reopens catching up to Monday's risk-on flows & a
rally in oil prices. Crude has extended gains in early Asia-Pac trade, while
U.S. equity index futures have crept higher. USD/MYR has tumbled, giving away
313 pips so far, and last sits at MYR4.3407.
- Malaysian parliament reconvened yesterday and adjourned the meeting
immediately after lawmakers listened to the King's speech. As we flagged before,
the vote of no confidence in PM Muhyiddin has been delayed, drawing the ire of
opposition parliamentarians.
- The rate is descending towards its 50-DMA, intersecting at MYR4.3380. A break
below there would open up May 8 low of MYR4.2993, followed by Apr 0 low of
MYR4.2890. Bulls look for a recoil above yesterday's high of MYR4.3725. A break
here, followed by a jump above Apr 22 high of MYR4.4032, support the bullish
case.
- Malaysia's CPI will be published tomorrow, with foreign reserves due Friday.
To read the full story
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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.