Dollar Index Daily Chart
DX daily chart shows that it has broken the uptrend line. If USD weakens, companies with large USD borrowing will be benefiting, such as Tenaga. I think IOICorp and PBBank also have some borrowings in USD.
Dollar Index Weekly Chart
Looking at DX weekly chart, we can see that it started to drop from 120 (in 2002) and didn't stop until it reaches 70 (in 2008). During that period, the price of crude oil rises from USD20 to USD145 while the price of CPO rises from MYR1200 to MYR4500.
So, if USD continues to weaken, will the playbook be the same, i.e. the rise of commodities?
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