Asia Open - Overnight Highlights

EMERGING ASIA

EM currencies are trading individually against the greenback despite the USD is trading within range on the fourth of July. The largest winners are KRW 0.11%, followed by CNH 0.1%, SGD 0.09%, IDR 0.08%, CNY 0.07%, THB 0.06% and THB 0.01%; while the biggest losers are TWD 0.37%, PHP 0.32%, INR 0.08% and MYR 0.02%.

USD/CNH is trading lower at 7.1633 from 7.1703 previously closed. Onshore spot market is trading lower at 7.1656 from 7.1706. 12 month NDF followed both the on/offshore market and is trading lower at 6.9930 from 6.9977. previously closed.

USD/IDR spot market is trading lower at 16185 from 16195 previously closed. 1 month NDF is trading lower at 16206 from 16242 previously closed.

USD/INR onshore spot market is trading higher at 85.39 from 85.31. 1 month NDF is trading higher at 85.60 from 85.52 previously closed.