DALY SEES 'NO URGENCY TO ADJUST THE POLICY RATE'

MNI BRIEF: Fed’s Collins Sees Rate Cuts Later Than Had Thought

MNI BRIEF: China March M2 Slows More Than Expected

MNI BRIEF: China Tightens Stock Market Supervision

MNI BRIEF: China Mar Exports Jump On Demand; Imports Improve

MNI: PBOC Sets Yuan Parity Lower At 7.0967 Fri; -4.87% Y/Y

MNI: BAKER HUGHES US RIG COUNT 617; OIL RIGS 506; GAS RIGS 109

March Home Sales Jumped At End Of Month

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Ringgit May Lodge First Weekly Gain This Month

MYR

Spot USD/MYR has lost some altitude this morning, extending Thursday's losses, with the move lower largely driven by the moderation in Fed rate hike bets. The pair last deals at MYR4.4482, down 52 pips on the day.

  • Bears would be pleased by a drop below the 50-DMA, which kicks in at MYR4.4148. On the flip side, a break above Jul 27 high of MYR4.4625 would bring Jan 4, 2017 high of MYR4.5002 into play.
  • The Dewan Rakyat passed a bipartisan bill to prohibit lawmakers from party-hopping in a unanimous vote. The upper house will debate the law on August 9 and there's a good chance it will take effect in early September. The adoption of the bill has triggered speculation about the timing of the next general election.
  • Palm oil futures extended their recovery in Thursday's after-hours trade, with the most active contract hitting its best levels in more than a week.
  • Malaysia's Human Resources Minister Saravanan said Indonesia has agreed to withdraw a temporary halt on sending temporary workers, which exacerbated labour shortages in Malaysia.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

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.