The USD/MYR currency pair is expected to ease again to 4.45 by the end of the first quarter of 2017, following strong economic growth in the Asian economy, with relative stabilization in the economy.
The MYR is the worst performing Asian currency since the US election outcome, slumping over 6 percent to the weakest level since the 1998 Asian Financial Crisis. USD-MYR is currently trading at around 4.48.
The weak investment sentiment is driven by its vulnerability to capital outflows given the high foreign ownership of government bonds, relatively weak reserves buffer, concerns over the reinstatement of capital controls and lingering political uncertainties.
Given the sharp decline, there are elements of overshooting. At current levels, MYR is seen to be in oversold territory particularly with relatively supportive macro metrics including a respectable GDP growth of 4–5 percent, current account surplus of around 2 percent of the country’s gross domestic product (GDP) and stabilization in the fiscal deficit, Commerzbank reported.


Asian Stocks Rise as Tech Gains Offset US-Iran Tensions, Oil Prices Add Pressure
Best Gold Stocks to Buy Now: AABB, GOLD, GDX
Energy Price Spike Won't Trigger Lasting Inflation, Analysts Say
This fuel crisis could last for a while. It’s time for a new approach to fuel use - end it
U.S. Stock Futures Fall as Iran Tensions Escalate and Oil Prices Surge
U.S. Stock Futures Fall as Iran Tensions Rise, Oil Prices Surge
Carney Warns Canada Must Rethink U.S. Ties Amid Trade Tensions and Sovereignty Concerns
FxWirePro: Daily Commodity Tracker - 21st March, 2022
Australia Extends Fuel Sulphur Relaxation Amid Iran War Supply Disruptions 



