Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
The Malaysian ringgit has emerged as the best performing Asia currency on a quarter-to-date basis. It is up by 2.4 percent against the USD, followed by INR (1.2 percent) and PHP (0.9 percent).
Sentiment towards the MYR has improved considerably after Bank Negara Malaysia (BNM) liberalised rules to give investors more flexibility to hedge in onshore market, and implemented measures to boost onshore liquidity such as the mandatory repatriation of export proceeds.
Further supporting recent MYR strength is the stabilisation in commodity prices, residing domestic political risk and perceived undervaluation as compared to its fundamentals.
"If anything, we look for the USD/MYR to remain well supported in the near-term at the 4.30-4.35 region," Commerzbank commented in its latest research report.
