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2026-05-29 11:38:21
[Kenanga: USD/MYR Expected to Trade Between 3.96 and 4.00 Next Week, Geopolitics and Oil Prices Dominate Sentiment] (1) Kenanga economists say that market sentiment remains cautious due to fragile geopolitical negotiations and high oil prices, and expect USD/MYR to trade between 3.96 and 4.00 next week. (2) Persistent inflation concerns and strong US Treasury yields continue to support the dollar; the MYR is highly sensitive to developments in the Middle East and the potential repricing risk from the Federal Reserve. (3) Investors will focus on the progress of the 60-day US-Iran ceasefire extension and US labor market data. Due to energy-driven inflation risks, the market still expects the Federal Reserve to lean towards tightening. Kenanga expects the dollar to face resistance at 3.987 MYR and support at 3.944 MYR.
