Asia Open - Overnight Highlights

EMERGING ASIA

EM currencies perform weaker against the USD as the USD follows the trend in U.S. Treasury Yields. The biggest winners are MYR by 1.52%, THB 1.09%, IDR 0.66%, SGD 0.65%, PHP 0.63%, CNY 0.62%, CNH 0.60%, KRW 0.33%, INR 0.30%, TWD 0.26% and HKD by 0.03%.

USD/CNH is trading lower at 7.2443 from 7.2877 previously closed. Onshore spot market is trading lower at 7.2411 than 7.2862 previously closed. 12 month NDF followed both the on/offshore market and is trading lower at 7.0735 compared to 7.1100 previously closed.

USD/IDR spot market is trading lower at 16172 from 16280 previously closed. 1 month NDF is trading lower at 16181 from 16235  previously closed.

USD/INR onshore spot market is trading lower at 86.20 from 86.46 previously closed. 1 month NDF is trading lower at 86.41 from 86.70 previously closed.