Set for another cautious week near 4.05/USD as geopolitical fog and supply risks linger
Performance: The MYR weakened toward 4.05/USD as volatile geopolitical rhetoric and supply risks weighed on local sentiment.
Market Dynamics: Conflicting ceasefire reports followed by renewed escalations triggered sharp swings in risk appetite. The ringgit reversing earlier mid-week gains after President Trump again conditioned de-escalation on maritime access. Brent price holding above USD100.0/barrel continues to stoke global inflation concerns and support the greenback. Consequently, investors maintained defensive USD positions while awaiting clarity on Iranian guarantees for regional shipping lanes.
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