KUALA LUMPUR (Nov 29): Malaysia’s ringgit rises from near a one-year low after dovish comments from Fed Chairman Jerome Powell weighed on the dollar.

* USD/MYR falls 0.2% to 4.1938 after climbing to 4.2020 on Wednesday, highest since November 2017

** Support 4.1642, 4.1227, 4.0900; resistance 4.2005, 4.2437, 4.2531

** BBDXY slid 0.6% Wednesday after Powell said the Fed’s rate increases had brought policy to “just below” the range of estimates of neutral

* Oanda is refraining from buying ringgit due to weak oil prices, even as Malaysian bonds are likely to play catch up with regional peers on the back of a dovish Fed, says Stephen Innes, head of Asia Pacific trading in Singapore

** Regional markets have been bolstered by Powell’s remarks but U.S. Trade Representative Robert Lighthizer’s statements on China’s trade policies indicate “it’s far too early to suggest that a Santa Claus rally is on the cards”

* Malaysia’s 10-year bond yield drops 1bp to 4.16%

* Auction of RM3.5b of 2023 govt bonds closes at 11:30am local time

* Malaysia is seeking direct talks with Goldman Sachs to recover more than $600m the bank earned from raising funds for state fund 1MDB, Anwar Ibrahim said in an interview in Istanbul

* Regulations for cryptocurrency exchanges and initial coin offerings will be in place by 1Q: Finance Minister Lim Guan Eng