• USD/MYR is marginally lower at 4.3850/55 in Kuala Lumpur morning; versus yesterday's close of 4.4043.
• Ringgit had moved higher in successive trading sessions on USD strength and was in touching distance of the 200-day EMA of 4.4154, before trending lower in this morning session.  The 20-day EMA and the 50-day EMA have now converged to 4.3444/84
• Bloomberg Asia dollar spot index is lower by 0.03% at the open and the Bloomberg Dollar spot index is 0.03% higher.
• USD/MYR one-month implied volatility is lower this morning to 5.8275%, versus 5.9325% yesterday’s close.
• Malaysia's 10-year bond yield is at 3.90%
• Malaysia 5 yr USD CDS at 37bps (yesterday close 37bp, 5-year low 32bp in 2020).

Headlines

• Palm Oil Jumps to Two-Year High on Tighter Global Supply Outlook (source BBG)
• President Xi: Bright future ahead for China and Malaysia relations (source:  The Star)
• Potential exports worth RM3.2bil has been generated from PM’s working visit to China, says Investment, Trade and Industry Minister. (source:  The Star) 

Data Releases today.

• Manufacturing Sales Value YoY for September.
• Industrial Production YoY September (survey +3.5%, prior +4.1%)

Government Bond Auction

• None