Continuum Economics
  • Search
  • About Us
  • Buy
  • Invite A Friend
  • My Basket
  • Articles
  • Calendar
  • Forecasts
  • Events
  • Data
  • Newsletters
  • My Alerts
  • Community
  • Directory
  • About Us
  • Buy
  • Invite A Friend
  • My Basket
  • Articles
    • All
    • Thematic
    • Tactical
    • Asia
    • EMEA
    • Americas
    • Newsletters
    • Freemium
    • Editor's Choice
    • Most Viewed
    • Most Shared
    • Most Liked
  • Calendar
    • Interactive
      • China
      • United States
      • Eurozone
      • United Kingdom
    • Month Ahead
    • Reviews
    • Previews
  • Forecasts
    • Forecasts
    • Key Views
  • Events
    • Media
    • Conference Calls
  • Data
    • Country Insights
    • Shadow Credit Ratings
    • Full CI Data Download
  • Newsletters
  • My Alerts
  • Community
    • FX
    • Fixed Income
    • Macro Strategy
    • Credit Markets
    • Equities
    • Commodities
    • Precious Metals
    • Renewables
  • Directory
  • My Account
  • Notifications Setup
  • Account Details
  • Recent Devices
  • Distribution Lists
  • Shared Free Trials
  • Saved Articles
  • Shared Alerts
  • My Posts
Published: 2024-01-24T00:10:00.000Z

Asia Open - Overnight Highlights

byCephas Kin Long Yung

FX Analyst
-

EMERGING ASIA

EM currencies perform mostly stronger against the USD as the greenback fell initially in the Asia and London session before coming back in the New York session. KRW saw the largest gains of 0.42%, followed by CNH 0.37%, CNY 0.27%, PHP 0.23%, MYR 0.07%, TWD 0.06%, SGD 0.04% and IDR 0.03%; the biggest loser is INR by 0.11%, HKD 0.06% and THB 0.05%.

USD/CNH is trading lower at 7.1674 compared to the 7.1939 at previous close. Onshore spot USD/CNY is trading lower 7.1718 compared to the 7.1909 at previous close. 12 month NDF followed both the on/offshore market and is trading lower at 6.9850 compared to 7.0146 previous closed.

USD/IDR spot market is trading unchanged at 15637 previously closed. 1 month NDF is trading higher at 15723 from 15664 previous closed.

USD/INR onshore spot market is trading higher at 83.16 from 83.12 previously closed. 1 month NDF is trading unchanged at 83.22

NA Session

The USD made ground across the board through the North American session. EUR/USD lost around 50 pips to a low near 1.0825, and there were similar USD gains elsewhere, with GBP/USD touching 1.2650 and USD/JPY gaining a little more than half a figure to move above 148.50. There wasn’t much news to drive the USD gains, but US yields were higher on the day, and the Eurozone consumer confidence numbers were a little below expectations, albeit well above recent lows. January’s Richmond Fed survey showed manufacturing weaker, but services slightly improved.

 

 

Continue to read the article for free
Login

or

or

Topics
FX Highlights
Foreign Exchange
Asian Open

GENERAL

  • Home
  • About Us
  • Our Team
  • Careers

LEGAL

  • Terms and Conditions
  • Privacy Policy
  • Compliance
  • GDPR

GET IN TOUCH

  • Contact Us
Continuum Economics
The Technical Analyst Awards Winner 2021
The Technical Analyst Awards Finalist 2020
image