• USD/MYR is up at 4.4716 in Kuala Lumpur morning versus yesterday's close of 4.4713.
• The Ringgit has consolidated at the mid-point between the 200-day EMA of 4.5017 and the 100-day EMA of 4.4229.  The BNM has no further meetings for 2024 so the next catalyst for the currency is likely to come from global events rather than domestic drivers.
• Bloomberg Asia dollar spot index is higher by 0.04% at the open and the Bloomberg Dollar spot index is 0.13% lower.
• USD/MYR one-month implied volatility is down this morning to 5.98%, versus 6.1050% yesterday’s close.
• Malaysia's 10-year bond yield is at 3.865%.
• Malaysia 5 yr USD CDS at 41bps (yesterday close 41bp, 5-year low 32bp in 2020).

Headlines

•  Data released from China customs yesterday show that Malaysia has replaced Saudi Arabia as China’s second largest supplier of oil, behind Russia (source:  BBG)
• Palm oil declined on weaker prices of rival soybean oil and worries that exports of the tropical commodity from the second-largest grower Malaysia will disappoint this month (source:  BBG).

Data Releases

• 22NOV – CPI (survey +1.8% prior +1.8%)

Government Bond Auction

• None