USD/MYR reopened higher, but has.........>

DOLLAR-MYR: USD/MYR reopened higher, but has trimmed gains since, tracking

swings in broader risk appetite. Spot last trades +60 pips at MYR4.2735.

- A quick update on Malaysian political situation, which continues to provide

interest as opposition lawmakers are preparing to table a motion of no

confidence in PM Muhyiddin's gov't. The press has suggested that opposition MPs

are struggling to choose a candidate to replace the PM if their bid to topple

him succeeds, with some backing PKR chief Anwar and others supporting ex-PM

Mahathir.

- Worth flagging a recent interview of the Edge newspaper with Finance Minister

Tengku Zafrul, who noted that Malaysia will not inject cash or offer "soft

loans" to domestic airlines, but will focus on the travel industry as a whole.

- A jump above Jun 17 high of MYR4.2902 would shift focus to the 50-DMA at

MYR4.3244. Bears look for a drop below the 50% retracement of the Jan 20 - Mar

23 rally at MYR4.2502. This would bring Jun 11 low of MYR4.2360 into play.

- On Wednesday, Malaysia will release its CPI data for the month of May.