Palm Oil Production Data Due

Spot USD/MYR trades slightly above neutral levels as onshore trading got underway in Malaysia. The rate last sits +15 pips at MYR4.1355.

• Malaysian Plantation Industries and Commodities Ministry said that it is in talks to ramp up palm oil exports to Afghanistan. Min Khairuddin suggested that Malaysia wants to open a "golden gateway" to Middle Eastern markets.
• PM Muhyiddin said that the gov't is looking into setting up a centralised database to coordinate the review of aid recipients' eligibility and records.
• Sarawak Dep Chief Min Uggah noted that the state will consider ditching the mandatory 14-day quarantine if the Covid-19 situation improves.
• Malay Mail polled political analysts who opined that the Bersatu-PAS alliance may help strengthen the Perikatan Nasional coalition, but they cooperation may not be enough to secure them a victory in the next general election.
• A move through Apr 9 peak located at MYR4.1454 would turn topside focus to Mar 31 high of MYR4.1590. Conversely, a dip through Apr 7 low of MYR4.1220 would bring Mar 18 low of MYR4.1020 into view.
• The Malaysian economic calendar is virtually empty this week, save for today's palm oil production/exports data.