Asia Open - Overnight Highlights

EMERGING ASIA

EM currencies perform individually against the USD after Christmas as market participants are still taking it slow . The biggest winners are PHP by 0.83% and MYR by 0.4% ; the largest loser are KRW 0.85%, THB 0.15%, INR 0.08%, CNY 0.04% and HKD 0.02%.

USD/CNH is trading higher at 7.3030 from 7.3027 previously closed. Onshore spot market is trading higher at 7.2979 from 7.2947 previously closed. 12 month NDF diverged from both the on/offshore market and is trading lower at 7.1324 compared to 7.1335 previously closed.

USD/IDR spot market is closed. 1 month NDF is trading lower at 16222 from 16238 previously closed.

USD/INR onshore spot market is trading higher at 85.26 from 85.20 previously closed. 1 month NDF is trading higher at 85.56 from 85.48 previously closed.