Support is at 3,624 ringgit, a break below which could cause a fall into the 3,466-3,545 ringgit range. On the daily chart, the contract may break a resistance at 3,581 ringgit, following its failure on Feb. 15.
The Thomson Reuters/HKEX Global CNH index, which tracks the offshore yuan against a basket of currencies on a daily basis, stood at 96.8, weakening from the previous day's 96.85.
The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange rose 82 ringgit, or 2.5%, to 3,348 ringgit ($827.89) a tonne by midday.
The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange rose 31 ringgit, or 1%, to 3,273 ringgit ($809.75) a tonne during early trade. It had posted its second straight weekly loss last week.
AirAsia said it will continue to explore other fundraising options or corporate proposals to improve the group's financial performance in the longer term.
Asian currencies and bonds have lagged as the prospect of more government spending under a Joe Biden administration pushed up US treasury yields earlier this month, reducing the appeal of some of the region's high-yielding government debt.