FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Ringgit Rangebound, King Meets With Party Leaders To Discuss Covid Handling

MYR

Spot USD/MYR rangebound this morning, last sits at MYR4.1175, little changed on the day. The local news flow has lacked any notable catalysts, which resulted in a slow start to the session.

  • The consultations between Malaysia's monarch and party leaders have begun and main opposition leaders Anwar Ibrahim, Lim Guan Eng and Mohamad Sabu were granted audiences on Wednesday. Ex-PM Mahathir Mohamad will meet with the King today. Leaders discuss Malaysia's handling of the Covid-19 outbreak, amid widespread criticism of the decision to suspend parliament owing to the national state of emergency.
  • Malaysia's Covid-19 vaccine czar announced that the next phase of the national immunisation campaign targeting employees of key economic sectors will be launched on Jun 16 in Pengerang. Targeted sectors include manufacturing, logistics, transportation, utility and energy.
  • Official data showed that of Covid-19 patients in ICU rose to a record high of 905 yesterday.
  • The main highlight of the local data docket during the reminder of this week is Friday's industrial output.
  • The initial bullish target is provided by Jun 4 high of MYR4.1330. A break here would bring May 31 high of MYR4.1480 into play. Bears need a fall through the 200-DMA at MYR4.1065 before taking aim at May 10 low of MYR4.0970.
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.