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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 AccessRinggit Treads Water, Cabinet Reshuffle May Be Inbound
Spot USD/MYR trades at MYR4.3930, down 10 pips on the day. From a technical perspective, bears look for a dip through May 23 low of MYR4.3812, which would expose May 12 low of MYR4.3730. Bulls look for a clearance of May 19 high of MYR4.4085.
- Zuraida Kamaruddin quit Bersatu and will be meeting the PM to discuss her resignation as Plantation Industries and Commodities Minister. Malay Mail reported that Premier Ismail Sabri may respond with a Cabinet reshuffle next week.
- Crude palm oil futures were better bid on Thursday, printing best levels in almost two weeks. The edible oil gained in tandem with WTI & Brent.
- Malaysia's data docket is virtually empty next week, save for Wednesday's release of S&P Global M'fing PMI.
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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.