Precious Metals Rally as Silver and Platinum Outperform on Rate Cut Bets 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Asian Stocks Slide as AI Spending Fears and Global Central Bank Decisions Weigh on Markets 
Dollar Holds Firm Ahead of Global Central Bank Decisions as Yen, Sterling and Euro React 
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
BOJ Poised for Historic Rate Hike as Japan Signals Shift Toward Monetary Normalization 
BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited 
Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns 
Japan Inflation Holds Firm in November as BOJ Nears Key Rate Hike Decision 
Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty 
The USD/MYR currency pair is expected to ease again to 4.45 by the end of the first quarter of 2017, following strong economic growth in the Asian economy, with relative stabilization in the economy.
The MYR is the worst performing Asian currency since the US election outcome, slumping over 6 percent to the weakest level since the 1998 Asian Financial Crisis. USD-MYR is currently trading at around 4.48.
The weak investment sentiment is driven by its vulnerability to capital outflows given the high foreign ownership of government bonds, relatively weak reserves buffer, concerns over the reinstatement of capital controls and lingering political uncertainties.
Given the sharp decline, there are elements of overshooting. At current levels, MYR is seen to be in oversold territory particularly with relatively supportive macro metrics including a respectable GDP growth of 4–5 percent, current account surplus of around 2 percent of the country’s gross domestic product (GDP) and stabilization in the fiscal deficit, Commerzbank reported.
