USD has reached our first target of MYR 4.20 but will go further with resistance at RM 4.00

We think Fed will further reduce rate especially when war may end in 2025.  But the degree of MYR appreciation may slow.  With a resistance of RM 4.00.  but if all war ended and Haris win the race.  Below RM 4.00 is not impossible. 

MYR strength has been long undervalued due to political reasons and the current government has moved towards a direction that liken by the funds.  But too fast and too fierce appreciation may not be good for Malaysia too.

If MYR too strong, we may shift our strategy to buy overseas stocks taking advantage of strong MYR.