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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 Happy To Hold Tight Range
Spot USD/MYR trades -12 pips at MYR4.2028, staying within yesterday's range. A break above Mar 29 high of MYR4.2260 would allow bulls to take aim at Mar 24/Dec 15 highs of MYR4.2373/87. Conversely, a dip through the MYR4.2000 figure, which limited losses on Wednesday, would shift focus to Mar 17 low of MYR4.1823.
- In its annual Economic and Monetary Review released on Wednesday, Bank Negara Malaysia lowered its 2022 economic growth outlook (to +5.3%-6.3% Y/Y from +5.5%-6.5% Y/Y) and pledged that any tweaks to monetary policy would be "measured and gradual."
- Focus moves to S&P Global M'fing PMI, due tomorrow.
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.