KUALA LUMPUR (April 26): Malaysia’s ringgit drops to the lowest in five weeks as U.S. Treasury yields near a four-year high weigh on Asian currencies.
* USD/MYR climbs 0.2% to 3.9198 after touching 3.9200, highest level since March 23
** Support 3.8465, 3.8000, 3.7310; resistance 3.9313, 3.9430, 3.9488
** BBDXY holds near a 3-month high reached on Wednesday
* U.S. 10-year above 3% are spurring concern that capital may be set to leave EM Asia, says Ken Cheung, Asian currency strategist at Mizuho Bank in Hong Kong
KUALA LUMPUR: Tun Dr Mahathir Mohamad unveiled the bold reforms during the Mid-Term Review of the 11th Malaysia Plan including putting the country on a stronger economic footing, improving governance and enhancing the well-being of the rakyat.