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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 AccessMNI UST Issuance Deep Dive: Dec 2024
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MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
USD/MYR has strengthened past............>
DOLLAR-MYR: USD/MYR has strengthened past yesterday's high and is currently
hitting its best levels since Nov 2017. The ringgit has traded on a softer note
alongside the broader Asian EM basket as a growing concern over the global
spread of Covid-19 remains. The recent round of risk-off flows has been noted as
South Korea's case count rose past 1,000. In combination with Malaysia's
domestic political turmoil, fear of the epidemic pushed USD/MYR through a key
resistance from the Sep 3 multi-year high yesterday.
- Malaysia remains mired in a political crisis as PM Mahathir scrambles to form
a new gov't after the ruling coalition broke down. The King will gauge sentiment
among 132 MPs today in a second round of interviews with lawmakers.
- USD/MYR trades +57 pips at MYR4.2395, with bulls looking at a series of highs
from Oct-Nov 2017 in the MYR4.2437-40 area as their next target. Bears need a
retreat under the Sep 3 high of MYR4.2297 to expose MYR4.2000, the Feb 24 low.
- There are no more local data releases slated during the remainder of this
week, but next week the focus turns to a monetary policy decision from the BNM &
Malaysia's trade data for the month of January.
To read the full story
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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.