KUALA LUMPUR (Sept 27): Ringgit snaps a two-day decline as investors await policy decisions by Indonesia and the Philippines on Thursday as these may set the tone for regional currencies.
* USD/MYR little changed at 4.1400 vs range of 4.1398-4.1420
** Support 4.0968, 4.0900, 4.0413; resistance 4.1535, 4.1645, 4.2437
** Dollar was little changed after the Fed raised rates Wednesday and reaffirmed a gradual pace of tightening into 2019
* Outcome of Wednesday Fed meeting was within expectations and there’ll be little impact on EM rates, which are already braced for tighter U.S. policy, says Eugene Leow, a fixed-income strategist at DBS in Singapore
* Malaysia’s financial system will remain resilient under severe pressures, with lenders maintaining capital buffers in excess of regulatory minimum: central bank said Wednesday
* Malaysia’s 10-year govt bond yield fell 1bp Wednesday to 4.10%
* Govt will sell RM3b of 2022 Islamic bonds with auction closing at 11:30am local time
* President Donald Trump’s diplomatic style is undermining U.S. efforts in Asia, and China may outlast America in their trade dispute, PM Mahathir Mohamad said Wednesday