USD/MYR has added 90 pips thus far and...>

DOLLAR-MYR: USD/MYR has added 90 pips thus far and last trades at MYR4.3368.

Initial bullish focus remains on May 12 high of MYR4.3550. A clearance of that

level would expose Apr 28 high of MYR4.3733. Further gains would bring Apr 22

high of MYR4.4032 into play. Conversely, a fall through the 50-DMA at MYR4.3277

would give bears the green light for targeting Apr 30 low of MYR4.2890.

- Just worth flagging that Malaysia is experiencing some fresh turmoil on

domestic political scene. The Speaker of Parliament postponed a vote of no

confidence in PM Muhyiddin, originally scheduled for May 18. Ex-PM Mahathir

criticised the decision, calling it a sign that the gov't lacks the backing of a

parliamentary majority.

- FinMin Zafrul Aziz said in a statement yesterday that Malaysia is preparing to

unveil a short- to mid-term economic recovery plan soon.