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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 AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Virus Situation Assessed
Onshore ringgit holds up well as trading resumed in Kuala Lumpur, in the wake of the greenback's retreat last Friday. Spot USD/MYR last trades at MYR4.1820, 97 pips lower on the day.
- Bears look for a fall through Jul 6 low of MYR4.1480, which would clear the way to Jun 25 low of MYR4.1423. Bulls would be pleased by a rebound above Jul 9 cycle high of MYR4.1925, towards Aug 11, 2020 high of MYR4.2065.
- Malaysia saw another record-breaking increase in Covid-19 cases on Saturday, when 9,353 people were deemed infected. The Ministry of Health warned that hospitals in the Klang Valley are becoming overcrowded.
- But there is a silver lining. Director-General of Health Noor Hisham said that daily Covid-19 cases are expected to stabilise and fall in the coming weeks, while vaccine czar Khairy said that Malaysia's vaccination rate is faster than that of the UK at its peak.
- Malaysia's industrial output will be released today. Bloomberg median forecast sees an annual growth of 23.9%.
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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.