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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
The ringgit still narrowly outperforms all of its Asian EM peers, despite trimming some of its early gains. Some of its initial strength may have been linked to a strong showing from palm oil futures yesterday. Analysts have seen the upswing as tied to expected pick-up in demand ahead of major festivals in the Asia-Pac region.
- Spot USD/MYR last -30 at MYR4.1125, familiar technical picture remains in play.
Fig. 1: USD/MYR vs. MYR-Denominated Crude Palm Oil Futures (MYR/mt)
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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