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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 AccessRinggit Firms Due To Overnight USD Weakness
Spot USD/MYR re-opened on a weaker footing in the wake of overnight greenback sales, with local headline flow providing little in the way of notable catalysts.
- The rate last trades at MYR4.3965, down 68 pips on the day, with bears setting their sights on May 31 low of MYR4.3643. Bulls keep an eye on Jun 14 high of MYR4.4255.
- PM Ismail Sabri refused to comment on the timing of the next general election and noted that the current spell of political stability allows the government to focus on fighting inflation.
- Malaysia's monthly trade data will hit the wires later today. Exports growth is expected to have accelerated to +30.3% Y/Y in May, a Bloomberg survey showed.
To read the full story
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Please enter your details below.
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.