USD/MYR has been driven by broader.......>

DOLLAR-MYR: USD/MYR has been driven by broader risk appetite so far, with a

weaker than expected PBoC fix helping the rate tick away from lows. At typing,

USD/MYR sits -52 pips at MYR4.2727.

- Malaysian FinMin Zafrul Aziz told BBG today that there is still fiscal and

monetary policy room to stimulate growth. He also ruled out following in

Indonesia's footsteps and pursuing debt monetization. Zafrul said that

Malaysia's GDP growth will likely fall within the -2.0% Y/Y to -0.5% range this

year, which is in line with the central bank's forecasts.

- A fall through Jun 23 low of MYR4.2662 and channel floor at MYR4.2585 would

clear the way to the key near-term support, which has been defined at MYR4.2360

(Jun 11 low). Bulls look to take out the 100-DMA/Jun 29 high at MYR4.2947/55

before targeting channel top/50-DMA at MYR4.3077/4.3101.

- The BNM will deliver their latest monetary policy decision within a few hours.

14 out of the 25 economists surveyed by BBG expect a 25bp cut to the policy

rate, with 4 looking for a 50bp cut & 7 seeing no change. Later in the week,

focus turns to Friday's industrial output.