Asia Open - Overnight Highlights

EMERGING ASIA

EM currencies perform mostly stronger against the USD as the greenback tread lower while observing Independence day. TWD saw the largest gains of 0.51%, followed by KRW 0.39%, THB 0.36%, PHP 0.25%, IDR 0.24%, MYR 0.22%, SGD 0.14%, CNH 0.13%, INR 0.04%, CNY 0.03% and HKD 0.01%.

USD/CNH is trading lower at 7.2939 from 7.3032 previously closed. Onshore spot USD/CNY is trading lower at 7.2682 than 7.2703 previously closed. 12 month NDF followed both the on/offshore market and is trading lower at 7.0840 compared 7.0954 to previously closed.

USD/IDR spot market is trading lower at 16330 from 16371 previously closed. 1 month NDF is trading lower at 16357 from 16356 previously closed.

USD/INR onshore spot market is trading lower at 83.49 than 83.53 previously closed. 1 month NDF is trading lower at 83.58 than 83.60 previously closed.

NA Session

Nothing of any real note to report in the European afternoon with the US on holiday. FX rates were essentially stable, although the CAD managed marginal gains.