USD/MYR re-opened on the back foot, in...>

DOLLAR-MYR: USD/MYR re-opened on the back foot, in a delayed reaction to

yesterday's risk-on flows, which took their toll on the greenback. The rate has

trimmed losses since and last deals at MYR4.2537, 73 pips shy of neutral levels.

Bearish focus remains on Jun 11 low of MYR4.2360, a key near-term resistance,

followed by the 200-DMA at MYR4.2245. Bulls look for a rebound above Jul 17 high

of MYR4.2725 before targeting Jul 8 high of MYR4.2825.

- Malaysian gov't moved to prevent a resurgence of Covid-19 by ordering a 14-day

quarantine at appointed facilities rather than at home for all visitors to the

country. The new rule takes effect on Friday.

- Malaysian June CPI will be published later today, with BBG consensus forecast

looking for a moderation in consumer price deflation, to -1.8% Y/Y from -2.9%.