Asia Open - Overnight Highlights

EMERGING ASIA

EM currencies are trading individually against the greenback as market participants focus on Trump/EU and Ukraine-Russia situation while risk asset slides further in the U.S. session. The biggest losers are IDR 0.52%, followed by KRW 0.25%, TWD 0.21%, THB 0.14%, PHP 0.12%, SGD 0.05% and MYR 0.03%; while the largest winners are INR by 0.45%, HKD 0.27%, CNY 0.03% and CNH 0.01%.

USD/CNH is trading lower at 7.1871 from 7.1875 previously closed. Onshore spot market is trading lower at 7.1824 from 7.1849. 12 month NDF diverged from both the on/offshore market and is trading higher at 7.0258 from 7.0235 previously closed.

USD/IDR spot market is trading higher at 16245 from 16160 previously closed. 1 month NDF is trading higher at 16294 from 16223 previously closed.

USD/INR onshore spot market is trading lower at 86.96 from 87.35 previously closed. 1 month NDF is trading lower at 87.21 from 87.46 previously closed.