MNI BRIEF: BOJ's FY26 Inflation View Flat; Upside Risk To FY24, 25 Prices

BOJ SEES BIGGER UPSIDE RISKS TO PRICES IN FY2024, 2025

BOJ SEES FY24 REAL GDP +0.6% VS. APR +0.8%

MNI: PBOC Net Injects CNY185.57 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1346 Weds; -1.39% Y/Y

MNI BRIEF: China July PMI Contracts For Third Straight Month

Japan Jun Retail Sales +3.7% Y/Y

Japan Jun Ind. Output -3.6% M/M; First Fall In 2 Mths

MNI BRIEF: Aussie CPI In Line With Forecasts

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

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

Ringgit Creeps Higher, Malaysia Eases Rules On Border With Singapore

MYR

Spot USD/MYR trades on a softer footing, last -20 pips at MYR4.1523. Overnight greenback weakness seems to be the main driver, albeit the imminent reopening of air route with Singapore may be providing some modest support to the ringgit.

  • Bears set their sights on the 200-DMA/Oct 29 low at MYR4.1394/92 and a break here would shift focus to Sep 10 low of MYR4.1300. Meanwhile, gains past Nov 5 high of MYR4.1607 would expose the 50-DMA at MYR4.1649.
  • Singapore and Malaysia will open a two-way quarantine-free travel corridor between Changi Airport and Kuala Lumpur International Airport from Nov 29, which is one of the world's busiest air routes. Respective governments said that there are plans to open the land border in "the near future."
  • Industrial output headlines Malaysia's data docket today, with GDP and BoP current account balance coming up Friday.
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.