Asia Open - Overnight Highlights

EMERGING ASIA

EM currencies are mostly closed for trading on the New Year day against the greenback. The biggest winners are SGD 0.03%; while the biggest losers are INR 0.1% and HKD 0.02%.

USD/CNH is trading lower at 6.9756 from 6.9757 previously closed. Onshore spot market is closed. 12 month NDF diverged from the offshore market and is trading higher at 6.8625 from 6.8621 previously closed.

USD/IDR spot market is trading higher at 16687 from 16680 previously closed. 1 month NDF is trading lower at 16698 from 16708 previously closed.

USD/INR onshore spot market is trading higher at 89.96 from 89.87 previously closed. 1 month NDF is trading unchanged at 90.20.