• USD/MYR is higher at 4.2600 in Kuala Lumpur morning; versus yesterday's close of 4.2435.
• Bloomberg Asia dollar spot index is lower by 0.05% at the open and the Bloomberg Dollar spot index is 0.04% higher suggesting that the change in rates was already priced in for the currency market.
• USD/MYR one-month implied volatility is lower this morning at 5.8150%, versus 6.0575% close on Monday.
• Malaysia's 10-year bond yield is opening at yield at 3.735%
• Malaysia 5 yr USD CDS at 37bps (yesterday close 37bp, 5-year low 32 in 2020).

Headlines

• Fed Opts for Outsize Cut as Powell Seeks to Ensure Soft Landing (source: BBG)
• FED cut to narrow gap between the FFR and Overnight Policy Rate, making MYR denominated assets attractive (source: Bank Muamalat)

Data Releases

• Exports, Imports and Trade Balance due today 

Government Bond Auction

• None