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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI China Daily Summary: Thursday, December 12
MNI BRIEF: Beijing To Protect Firms From U.S. Bill - MOFCOM
MNI BRIEF: SNB Cuts Policy Rate By 50 BP To 0.5%
Ringgit Loses Ground Ahead Of CPI Report
Spot USD/MYR resumes gains this morning after palm oil weakened on Thursday, while the greenback is catching a fresh bid. The pair last deals +55 pips at MYR4.7332 after lodging new 24-year highs just above there. Bulls set their sights on the all-time high of MYR4.8850. Conversely, bears look for losses towards Oct 6 low of MYR4.6270.
- Palm oil futures snapped their four-day winning streak, with weakness extending into after-hours trade. The contract fluctuated through the day as participants continued to assess the impact of the flooding season for tropical oil output and the near-term demand outlook. High-frequency data pointed to a marginal change in Malaysia's palm oil exports for the first 20 days of the month, with AmSpec flagging a 3.3% M/M increase & Intertek reporting a 4.31% M/M decline.
- The Department of Statistics will publish September CPI figures today. Headline inflation may have eased to +4.6% Y/Y from +4.7% registered in August. Eyes will be on core CPI growth after it quickened to seven-year highs.
- Reminder that the date of the next general election has been set for November 19.
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.