TEST, PLEASE IGNORE

MNI China Daily Summary: Tuesday, May 28

MNI BRIEF: Japan's April Trimmed Mean Rises 1.8% Vs. 2.2% - BOJ

MNI BRIEF: China To Curb Key Financial Risks - NFRA

MNI: PBOC Conducts CNY2 Bln Via OMO Tues; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1101 Tues; -2.43% Y/Y

EZ/UK Bond Supply Calendar: Spain Syndication; UK, DE Wednesday

MNI: US Q1 FHFA HPI Q/Q SA +1.1% V +6.6% Q1 2023

MNI:US MAR FHFA HPI SA +0.1% V +1.2% FEB; +6.7% Y/Y

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Post-FOMC Impulse In Play, Crude Palm Oil Futures Retreat

MYR

Spot USD/MYR reopened on a softer footing, absorbing post-FOMC market impetus which led to broad-based greenback sales, but has trimmed losses since. The pair last operates at MYR4.2277, 20 pips lower on the day.

  • Bears look for a fall through Dec 9/13 lows of MYR4.2075/73 before taking aim at Dec 1 low of MYR4.2000. Conversely, a jump above Dec 15 high of MYR4.2387 would give bulls a green light for targeting Nov 26 high of MYR4.2490.
  • Crude palm oil futures fell to the lowest levels since late September. KOG2 tumbled on Wednesday, as Intertek data showed a decline in Malaysian exports led by shipments to China and India. The data sparked speculation that these two biggest buyers of Malaysia's flagship export commodity might be turning towards soybean oil as a possible replacement.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

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.