Asia Open - Overnight Highlights

EMERGING ASIA

EM currencies are trading mostly weaker against the greenback as USD continue its recovery. The biggest losers are TWD 0.61%, followed by IDR 0.34%, PHP 0.27%, INR 0.19% THB 0.14%, SGD 0.09%, MYR 0.07% and KRW by 0.04%; while the only winners are CNY by 0.03% and CNH 0.02%.

USD/CNH is trading higher at 7.1819 from 7.1808 previously closed. Onshore spot market is trading higher at 7.1789 from 7.1771. 12 month NDF followed both the on/offshore market and is trading lower at 7.0092 from 7.0095 previously closed.

USD/IDR spot market is trading higher at 16409 from 16364 previously closed. 1 month NDF is trading lower at 16391 from 16422 previously closed.

USD/INR onshore spot market is trading higher at 86.81 from 86.66. 1 month NDF is trading higher at 87.19 from 86.90 previously closed.