Spot USD/MYR resumes gains this morning after palm oil weakened on Thursday, while the greenback is catching a fresh bid. The pair last deals +55 pips at MYR4.7332 after lodging new 24-year highs just above there. Bulls set their sights on the all-time high of MYR4.8850. Conversely, bears look for losses towards Oct 6 low of MYR4.6270.

• Palm oil futures snapped their four-day winning streak, with weakness extending into after-hours trade. The contract fluctuated through the day as participants continued to assess the impact of the flooding season for tropical oil output and the near-term demand outlook. High-frequency data pointed to a marginal change in Malaysia's palm oil exports for the first 20 days of the month, with AmSpec flagging a 3.3% M/M increase & Intertek reporting a 4.31% M/M decline.
• The Department of Statistics will publish September CPI figures today. Headline inflation may have eased to +4.6% Y/Y from +4.7% registered in August. Eyes will be on core CPI growth after it quickened to seven-year highs.
• Reminder that the date of the next general election has been set for November 19.