Asia Open - Overnight Highlights

EMERGING ASIA
EM currencies are trading mostly weaker against the greenback as the USD stays solid before the U.S.-China trade talks. The biggest winner is THB by 0.04%, followed by IDR and INR 0.01%; the biggest loser is KRW by 0.89%, followed by MYR 0.17%, CNY 0.12%, CNH 0.08%, SGD 0.05%, TWD, PHP and HKD 0.01%.
USD/CNH is trading higher at 7.1887 from 7.1826 previously closed. Onshore spot market is trading higher at 7.1878 from 7.1795. 12 month NDF followed both the on/offshore market and is trading higher at 7.0131 from 7.0073 previously closed.
USD/IDR spot market is trading higher at 16285 from 16284 previously closed. 1 month NDF is trading higher at 16332 rom 16273 previously closed.
USD/INR onshore spot market is trading lower at 85.63 from 85.79. 1 month NDF is trading lower at 85.89 from 86.98 previously closed.
NA Session
Weak UK labor market data hit the GBP in Europe, with a 109k decline in payrolled employees in May. EUR/GBP advanced to .8460 from .8425 and sustained its gains in North America, though a fall in GBP/USD to 1,3460 from 1.3540 was mostly reversed as EUR/USD advanced to near 1.1450 after dipping below 1.14. EUR/USD subsequently corrected to 1.1430 and GBP/USD to near 1.35.
After slipping below 144.40 USD/JPY recovered to near 145 as UST yields reversed earlier slippage, supported by hopes of progress in the US-China trade talks. The one US data release was May’s NFIB small business optimism index seeing its first rise since December. AUD and CAD picked up versus the USD during the EUR/USD advance but ended the day with only marginal gains.