Asia Open - Overnight Highlights

EMERGING ASIA

EM currencies are trading individually against the greenback as the USD chopped higher on Trump's policy uncertainty in early Asia before retracing all gains and dipped into negativity in later sessions. The largest winners are TWD 1.43%, followed by MYR 0.33%, INR & IDR 0.25% and THB 0.22%; while the biggest losers are KRW 0.31%, SGD 0.09%, CNH 0.05%, CNY 0.03% and PHP 0.02%.

USD/CNH is trading higher at 7.1613 from 7.1574 previously closed. Onshore spot market is trading higher at 7.1658 from 7.1638. 12 month NDF followed both the on/offshore market and is trading higher at 6.9910 from 6.9875. previously closed.

USD/IDR spot market is trading lower at 16200 from 16238 previously closed. 1 month NDF is trading higher at 16220 from 16182 previously closed.

USD/INR onshore spot market is trading lower at 85.53 from 85.77. 1 month NDF is trading lower at 85.71 from 85.83 previously closed.