CANADA FEB JOBS +40.7K VS FORECAST +20K, PRIOR +37.3K

MNI BRIEF: Fed's Williams- Labor Supply Boost Set To Continue

MNI China Daily Summary: Friday, March 8

MNI: PBOC Conducts CNY10 Bln Via OMO Fri; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.0978 Fri; -3.17% Y/Y

CHINA PBOC INJECTS CNY10 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: BLS: NET REVISIONS TO JAN, DEC PAYROLLS  -167K

US FEB AVERAGE HOURLY EARNINGS +0.1% Vs JAN +0.5%; +4.3% YOY

MNI: US FEB NONFARM PAYROLLS +275K; PRIVATE +223K, GOVT +52K

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

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

MNI BRIEF:Macklem-Fiscal Policy Turning Unhelpful On CPI Fight

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Ringgit Slips To Weekly Low

MYR

Spot USD/MYR has moved to its weekly high and last sits +18 pips at MYR4.2213. Bulls look to a clearance of Mar 29 high of MYR4.2260 before taking aim at Mar 24 high of MYR4.2373. On the flip side, bears look for a fall through Apr 6 low of MYR4.2085 before targeting Mar 30 low of MYR4.2000, which almost coincides with the 100-DMA.

  • The Straits Times ran an opinion piece noting that "there is a growing consensus among the key players in Malaysia's fragmented political landscape that an electoral pact is needed for them to stand a change against Barisan Nasional," which may result in junior coalition partner Bersatu striking some sort of deal with opposition parties ahead of the next general election.
  • Looking ahead, focus turns to the release of local industrial output data next Monday.
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