KUALA LUMPUR (Oct 16): Ringgit trades in a narrow range, with Asia EM currencies supported as stocks rebound. Traders are awaiting key events including China economic growth data and minutes of the Federal Reserve’s review due this week.

* USD/MYR steady at 4.1533; trades within 4.1520 to 4.1555

** Support 4.1227, 4.1206, 4.0900; resistance 4.1645, 4.1768, 4.1990

* USD/MYR may climb to 4.18 as EM FX remain under pressure amid tightening dollar liquidity, correction in equity markets and higher long-end yields, says Vishnu Varathan, head of economics and strategy at Mizuho Bank Ltd. in Singapore

** Still, ringgit’s drop may be capped as oil prices will probably stay supported on geopolitical risks, including a Nov deadline for U.S. sanctions on Iran

* 10-year govt bond yield ended steady at 4.14% Monday

* Govt must take stock of financial constraints when implementing its election pledges, Anwar Ibrahim, leader of the ruling coalition’s largest party, said Monday

* NOTE: Malaysia’s new government is looking at new taxes to shore up budget as it grapples with debt and liabilities exceeding RM1 trillion left from former regime 

* State utility Tenaga Nasional is planning to sell dollar-denominated Islamic bonds, according to people familiar with the matter

* State fund 1MDB doesn’t owe the $6.89b debt that IPIC’s parent Mubadala Development assumed as part of IPIC-Mubadala merger, according to Tony Pua, political secretary to Finance Minister Lim Guan Eng