Asia Open - Overnight Highlights

EMERGING ASIA

EM currencies perform mostly weaker against the USD as the greenback rebounded after three losing days along with U.S. Treasury Yields. IDR saw the largest losses of 0.74%, followed by KRW 0.70%, SGD 0.42%, CNY 0.22%, CNH 0.19%, TWD 0.12%, HKD 0.05%, THB 0.04% and INR 0.04%; the only winners are PHP 0.31% and MYR 0.02%.

USD/CNH is trading higher at 7.1468  from 7.1329 previously closed. Onshore spot USD/CNY is trading higher at 7.1444 from 7.1314 previously closed. 12 month NDF followed both the on/offshore market and is trading higher  at 6.9537 compared 6.9420 to previously closed.

USD/IDR spot market is trading higher at 15600 from 15500 previously closed. 1 month NDF is trading higher at 15751 from 15507 previously closed.

USD/INR onshore spot market  is trading higher at 83.95 from 83.93 previously closed. 1 month NDF is trading higher at 83.99 from 83.96 previously closed.