During this turbulent period (euro crisis!), investors rushing for safe haven have prompted a rally in the USD index. This run-up might be short-run only. Remember that the US debt problem is a big big problem. This rally could also be related to the effect of the coming November presidential elections.
Strong USD (good for export), and weak oil (lower cost of production) should prompt a rally in Asian stock market which is mainly export oriented.
As always, I will take Gold as a benchmark. Prices have been trading steadily, showing that investors are very aware of the global economic condition. Therefore, all things withholding, the current rally in USD, and drop in oil prices might just be temporary. I don't forsee investors dumping gold to chase the market, as of now.
-Gold still trading above support line-
To summarize, short term trade can be placed on MAS, AirAsia, Coastal Contracts, Maybulk, and construction related counters (Gamuda, MMC, etc)
Do note that short term means the period between June and August. Conditions may change anytime. However, these companies are currently trading at relatively cheap levels, which should serve to mitigate potential downside risks.