USD/MYR has shed 55 pips and last sits...>

DOLLAR-MYR: USD/MYR has shed 55 pips and last sits at MYR4.2808. Malaysia's

Markit Manufacturing PMI returned to expansion in June. Headline index improved

to 51.0 from 45.6, with accompanying commentary noting that "a rapid turnaround

in production (...) bodes well for a v-shaped recovery", but "a sustained

recovery is by no means assured and growth could easily lose momentum after the

initial rebound".

- The Straits Times reported that several non-MPs are being considered to

replace the Speaker of the Lower House of Parliament ahead of the upcoming

session, during which PM Muhyiddin may face a vote of no confidence. In such

event, the PM will need every MP to be on the floor.

- Malaysia's biggest pension fund is expanding its offshore investments, its CEO

told BBG. Currently, 30% of the fund's investments are placed overseas.

- A breach of Jun 23 low of MYR4.2662 would bring Jun 11 low of MYR4.2360 into

view. Bulls need a jump above MYR4.2955 before taking aim at 38.2% retracement

of Mar 23 - Jun 11 slide/50-DMA at MYR4.3174/67.

- Malaysia's calendar is empty during the remainder of this week.