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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 AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Ringgit Pressured In Early Dealing, Trade Balance On Tap This Week
The Ringgit is pressured in early trade on Monday as the greenback trims some of last weeks losses.
- USD/MYR is up ~0.5% last printing 4.5475/45520, the Ringgit is paring some of its post US CPI outperformance.
- Bulls target the low from 13 July (4.6237). Bears first target the 200-Day EMA (4.4973).
- Palm Oil futures are ~1% firmer, the contract remains well with the monthly range and last prints at MYR3914. A 3800/4000 range has persisted in July.
- Looking ahead the only data on the docket this week is June Trade Balance which crosses on Thursday. A surplus of MYR18.70bn 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.