Gulf risks keep MYR boxed in at 4.08–4.09 for week of 19 Oct
Performance: MYR firmed to 4.082/USD on Thursday from 4.085 last Friday, trading in a tight 4.082–4.086 range.
Market Dynamics: A hotter-than-expected September US CPI briefly pushed the DXY to a fresh year high and revived October hike bets. The rally reversed within hours as an AI-sector debt sell-off, led by CoreWeave, dragged short-dated UST yields and the USD lower. US PPI posted its steepest rise in 4.5 years, signalling broader price pressures, yet markets still price an October pause and a December hike. Stretched USD long positioning capped USD gains, letting MYR firm modestly.
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