Malaysia Sees Fewest Covid-19 Cases In Three Months

Spot USD/MYR last trades +25 pips at MYR4.1125, holding a narrow range in early trade. A break above Mar 10 high of MYR4.1382 would turn focus to the 200-DMA, intersecting at MYR4.1457. Bears keep an eye on Mar 12 low of MYR4.1045 and losses past there would expose the 100-DMA at MYR4.0745.

• Malaysia's daily count of new Covid-19 cases fell to the lowest level in three months on Monday, as the nation reported 1,208 infections. Health Min Adham Baba said that the statistic could fall to 500 by May if people comply with existing restrictions.
• Malaysian Science, Tech & Innovation Min Khairy confirmed that the gov't's view on AstraZeneca vaccines has not changed, as there is no data so far suggesting that the shot increases the risk of blood clots. Khairy is expected to be inoculated with the Sinovac product on Thursday.
• Palm oil futures printed best levels in the BBG data series last Friday and continue to trade just shy of there, in the wake of the recent surge in prices of the commodity.
• There is little of note in the Malaysian docket during the remainder of the week.