USD/MYR sit 15 pips lower, at MYR........>

DOLLAR-MYR: USD/MYR sit 15 pips lower, at MYR 4.2015 amid hopes that measures

taken by policymakers across the world will help mitigate the impact of the

Covid-19 epidemic. In addition to existing expectations of central bank action,

on Monday we learnt that G7 FinMins & central bankers will hold a teleconference

on Tuesday to discuss the coronavirus situation.

- Bank Negara Malaysia is set to deliver its MonPol decision at 07:00 GMT. 15

out of 24 analysts surveyed by BBG expect policymakers to deliver a 25bp cut to

the main rate, with all others calling for no change. BBG highlighted a shift in

median expectation over the recent days, in tandem with the aggressive

re-pricing of central bank easing bets across the world. A 25bp rate cut today

would mimic an analogical action taken by BNM at their last meeting in Jan.

- Bears need a clean break under MYR41982/72, the 23.6% retracement of the YtD

range/Feb 21 high. Below opens the 38.2% Fibo level at MYR4.1702. Bulls continue

to target the recent cycle high of MYR4.2435.

- In his first broadcast speech, PM Muhyiddin denied betraying his predecessor &

pledged to deliver the "Shared Prosperity Vision" outlined by the prev. gov't.