Asia Open - Overnight Highlights

EMERGING ASIA

EM currencies perform mostly individually against the USD with the greenback trading broadly weaker in times of positive risk sentiment and the continue unwinding of long position in USD/JPY. KRW saw the largest gains of 0.67%, followed by SGD 0.49%, CNH 0.23%, CNY 0.22%, MYR 0.12%, HKD 0.04%, IDR 0.03% and TWD 0.01%; the only losers are PHP 0.56% and THB  0.14%.

USD/CNH is trading lower at 7.1631 from 7.1796 previously closed. Onshore spot USD/CNY is trading lower at 7.1592 from 7.1748 previously closed. 12 month NDF followed both the on/offshore market and is trading lower at 6.9745 compared 6.9849 to previously closed.

USD/IDR spot market is trading lower at 15693 from 15700 previously closed. 1 month NDF is trading lower at 15688 from 15775 previously closed.

USD/INR onshore spot market reopened unchanged 83.95. 1 month NDF is trading lower at 83.94 from 84.02 previously closed.