Asia Open - Overnight Highlights

EMERGING ASIA

EM currencies are trading mostly stronger against the greenback as USD is being offered over uncertainty of more trade deals being done before August 1st. The biggest winners are PHP 0.19%, followed by SGD 0.18%, THB 0.13%, MYR 0.05%, CNY and IDR 0.01%; while the biggest losers are TWD 0.13%, followed by INR 0.08%.

USD/CNH is trading higher at 7.1712 from 7.1710 previously closed. Onshore spot market is trading lower at 7.1690 from 7.1697. 12 month NDF followed both the on/offshore market and is trading unchanged at 7.0005 from previously closed.

USD/IDR spot market is trading lower at 16320 from 16323 previously closed. 1 month NDF is trading lower at 16283 from 16343 previously closed.

USD/INR onshore spot market is trading higher at 86.37 from 86.30. 1 month NDF is trading higher at 86.48 from 86.39 previously closed.