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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 On Thursday
The Ringgit has ticked higher on as the downtick in US Tsy Yields seen yesterday provides a level of support.
- USD/MYR print at 4.6480/4.6520, ~0.2% lower today. The remains well within the recent 4.63/4.70 which has persisted for the most part recently.
- Bulls look to break the high from 18 Dec (4.7015) to target the 4.80 handle. Bears now target a break of the 200-Day EMA (4.6180) to re-establish a downtrend, a break of the measure opens the low from 31 Jul at 4.4957.
- Looking ahead; the local data docket is empty today, tomorrow November CPI is due. A downtick in CPI to 1.7% Y/Y from 1.8% Y/Y is expected.
To read the full story
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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.