-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Chart Packs -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessRinggit Starts On Firmer Footing, Malaysia Flags Growing Cost Of Commodity Subsidies
Spot USD/MYR comes under pressure, playing catch up with risk-on flows seen after Asia hours Friday. The rate last deals at MYR4.3975, down 50 pips on the day.
- From a technical perspective, a clean break below MYR4.3945, which limited losses on Jun 17, would allow bears to set their sights on May 31 low of MYR4.3643. On the flip side, a move through Jun 23 high of MYR4.4078 would give bulls a green light for targeting Jun 14 high of MYR4.4255.
- Sentiment improved on Friday, which was reflected in strong performance from global equity markets, partly due to a moderation in U.S. inflation expectations and reassuring comments from Fed's Bullard re: recession risk.
- Palm oil futures have stabilised near recent lows. The active contract struggled to make much headway beyond MYR4,500/MT after printing a five-month low just shy of that level last week.
- The cost of keeping a lid on price of key commodities is growing. Malaysian FinMin Zafrul said that the government is expected to spend a record MYR77.3bn on subsidies this year, including MYR37.3bn earmarked for gasoline, diesel and cooking gas if their prices remain at current levels.
- Elsewhere, the Straits Times reported that representatives of the two main factions within the UMNO party, led by party president Zahir and PM Ismail Sabri, have been working to form a united front ahead of the next general election.
- Little to write home on the local docket this week, the only point of note is Friday's release of S&P Global M'fing PMI.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.