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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI BRIEF: Aussie Trimmed Mean Rises In Oct
USD/MYR has drifted lower as.............>
DOLLAR-MYR: USD/MYR has drifted lower as participants assess the state of play
re: coronavirus outbreak and global policy efforts to contain economic fallout
from the epidemic. The rate operates at its worst levels in two weeks, following
yesterday's recovery in risk appetite. At typing, it sits at MYR4.1650, 140 pips
worse off.
- On Wednesday, Malaysia declared further 14 coronavirus cases, bringing their
total number to 50. The gov't said that the results of 180 additional patients
are still awaited.
- Bears look for a sustained drop below the 200-DMA at MYR4.1561, with the next
hurdles on the downside provided by the 50% retracement of the YtD range at
MYR4.1475 & the 100-DMA at MYR4.1444. Bullish focus is on yesterday's high of
MYR4.1952.
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.