CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Ringgit Clings To Familiar Range, Palm Oil Pops Higher After Hours

MYR

Spot USD/MYR trades flat at MYR4.4532 as we type, holding a familiar range. From a technical perspective, a clearance of Jul 21 high of MYR4.4583 would allow bulls to set their sights on Jan 4, 2017 high of MYR4.5002. Conversely, bears look for losses towards the 50-DMA, which intersects at MYR4.4112.

  • Palm oil futures (the most active contract) edged higher in after-hours trade but remained within a familiar range. The contract earlier printed a fresh one-week low in regular trading hours, with the edible oil weighed on by Indonesia's efforts to turbocharge shipments and drain its overflowing inventories.
  • Health Min Khairy said that Malaysia will step up surveillance measures related to the monkeypox disease, despite not yet having any confirmed cases.
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.