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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
MNI US Employment Insight: Soft Enough To Keep Fed Cutting
MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
Ringgit Edges Higher, Palm Oil Bounces
Spot USD/MYR trades at MYR4.4548, down 20 pips on the day, pressured by the spillover from risk-on flows seen after Asia hours on Wednesday.
- The rate respects a familiar range, with bears looking for a dip towards the 50-DMA, which kicks in at MYR4.4196. Bulls need a clearance of Jul 27 high of MYR4.4625 before taking aim at Jan 4, 2017 high of MYR4.5002.
- Palm oil futures bounced on Wednesday, snapping a two-day losing streak, but pared gains in after-hours trade. That said, prices remain at relatively subdued levels, as Indonesia's efforts to boost shipments prevent corrective rebounds from morphing into a full-fledged recovery.
- Domestic headline flow was fairly light over the last 24 hours, while the data docket remains empty through the end of this week.
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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.