Asia Open - Overnight Highlights

EMERGING ASIA

EM currencies are trading mostly weaker against the greenback as market participants are seeing the September FOMC being more fluid than one-sided. The biggest losers are TWD 0.66%, followed by SGD 0.27%, INR & THB 0.21%, KRW 0.13%, IDR 0.09%, CNY 0.07%, HKD 0.02% and CNH 0.01%; while the largest winners is MYR by 0.05%.

USD/CNH is trading higher at 7.1828 from 7.1820 previously closed. Onshore spot market is trading higher at 7.1805 from 7.1758. 12 month NDF diverged from both the on/offshore market and is trading lower at 7.0198 from 7.0208 previously closed.

USD/IDR spot market is trading higher at 16285 from 16270 previously closed. 1 month NDF is trading higher at 16357 from 16295 previously closed.

USD/INR onshore spot market is trading higher at 87.26 from 87.07 previously closed. 1 month NDF is trading higher at 87.43 from 87.16 previously closed.