Free Trial

Palm Oil Production Data Due

MYR

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.

To read the full story

Close

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.