As a professional fund manager, I always keep an eye on the Malaysian Ringgit (MYR), especially during critical data weeks like this.
On 16 May 2025, the Ringgit opened stronger against the US Dollar, supported by market optimism ahead of the Q1 GDP announcement. If the GDP data beats expectations, MYR may continue its bullish momentum in the short term.
💡 In my opinion, this could trigger a tactical pullback on USD/MYR — but as always, risk management is key.
📌 Source: Free Malaysia Today
🏦 HSBC Revises Ringgit Forecast to 4.20/USD by End-2025
HSBC Global Research has updated its forecast for the Malaysian Ringgit, projecting it to reach 4.20 per USD by year-end.
According to HSBC, this is driven by:
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Slowing forex outflows from Malaysia
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Increasing capital inflows
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A long-term global trend toward de-dollarization
📈 From a fund manager’s view, this medium-term forecast reflects growing confidence in MYR. But traders should stay alert — key US data like CPI, FOMC minutes, and Fed comments could swing sentiment.
📌 Source: The Edge Markets
🌏 Global FX Watch: South Korea, India, and the US Dollar
Global currency markets are also seeing major developments this week:
🇰🇷 South Korea
The Korean Won rallied 1.4%, breaking the key 1,400/USD level, after finance officials from Korea and the US met during the ADB event in Milan.
🇮🇳 India
The Indian Rupee weakened by 22 paise to 85.54/USD amid strong importer demand and foreign institutional outflows, despite support from local equities.
🌍 US Dollar Weakening in Global Reserves
A slow decline in the US Dollar’s dominance in global central bank reserves continues, with many countries diversifying into gold and other currencies.
📌 Sources:
🔎 Ajmal Idlan’s Take – What Traders Should Focus On
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MYR still looks fundamentally solid, especially if GDP results exceed expectations.
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Asian currencies are reacting quickly to policy and geopolitical updates. Be fast, but not reckless.
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Global de-dollarization is real — pay attention to CNY, EUR, and gold-based hedging flows.
📌 Trading is not just about reacting to headlines. It’s about planning ahead, using proper setups, and respecting your capital. Stay sharp, stay disciplined.
