Asia Open - Overnight Highlights

EMERGING ASIA

EM currencies are trading individually against the greenback as USD regained strongly in later session along short end Treasury yields and improving claims. The biggest winners are PHP 0.40%, followed by KRW 0.3%, MYR 0.27%, IDR 0.04% IDR 0.01%; while the biggest losers are THB 0.21%, followed by TWD 0.15%, SGD 0.06%, CNH 0.02% and CNY by 0.01%.

USD/CNH is trading higher at 7.1532 from 7.1518 previously closed. Onshore spot market is trading lower at 7.1547 from 7.1544. 12 month NDF followed both the on/offshore market and is trading higher at 6.9887 from 6.9880 previously closed.

USD/IDR spot market is trading lower at 16295 from 16303 previously closed. 1 month NDF is trading higher at 16317 from 16294 previously closed.

USD/INR onshore spot market is trading lower at 86.40 from 86.41. 1 month NDF is trading higher at 86.58 from 86.53 previously closed.