Asia Open - Overnight Highlights

EMERGING ASIA

EM currencies perform mostly higher against the USD as the USD is broadly softer before Trump's barrage of executive orders. The biggest winners are THB by 0.58%, MYR 0.38%, KRW 0.32%, SGD 0.27%, IDR 0.15%, CNY 0.1%. TWD 0.09% and PHP by 0.05%; the largest loser are CNH and HKD 0.06% and INR by 0.02%.

USD/CNH is trading higher at 7.2674 from 7.2629 previously closed. Onshore spot market is trading lower at 7.2656 than 7.2731 previously closed. 12 month NDF followed the onshore market and is trading higher at 7.0999 compared to 7.1073 previously closed.

USD/IDR spot market is trading lower at 16335 from 16360 previously closed. 1 month NDF is trading higher at 16335 from 16323 previously closed.

USD/INR onshore spot market is trading higher at 86.58 from 86.56 previously closed. 1 month NDF is trading higher at 86.73 from 86.49 than previously closed.