USD/MYR opened lower this morning, as....>

DOLLAR-MYR: USD/MYR opened lower this morning, as risk appetite remains

positive. The rate has moved away from worst levels, but still operates in

negative territory, last -113 pips at MYR4.2675.

- Monday's data showed that Malaysia's unemployment rate surged to 5% in April,

the highest level since at least 1990, as the number of unemployed people surged

49% Y/Y to 778,800 individuals.

- Elsewhere, Malaysian Health Min said that off'ls expect an increase in

domestic dengue cases from early June until September.

- The rate probed the water below its 100-DMA (MYR4.2668) and hovers just above

that level. A clean break of the 100-DMA would shift focus to Jun 11 low of

MYR4.2360. Meanwhile, bulls look to retake Jun 12 high/23.6% retracement of the

Mar 23 - Jun 11 slide at MYR4.2853/63 before targeting the 50-DMA at MYR4.3301.