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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 AccessRinggit Gains Ahead Of BNM Policy Decision
Spot USD/MYR re-opened a tad lower this morning before trimming some losses. The rate operates at MYR4.1908, down 45 pips on the day, with participants awaiting a monetary policy decision from Bank Negara Malaysia.
- Bears look for losses past the 200-DMA, which intersects at MYR4.1813. Conversely, a rebound above Feb 24 high of MYR4.2077 would bring Jan 7 high of MYR4.2175 into view.
- Analysts unanimously expect Bank Negara Malaysia to keep the Overnight Policy Rate unchanged at an all-time low of 1.75% and wait for more signs of a sustainable economic recovery (see our preview for more colour).
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.