Asia Open - Overnight Highlights

EMERGING ASIA

EM currencies perform mostly stronger against the USD as the risk sentiment improves on Trump's 30 day delay of tariffs The biggest winners are KRW by 0.8%, MYR 0.66%, SGD 0.6%, THB 0.59%, IDR 0.55%, PHP 0.54%, CNH 0.34%, INR 0.14% and HKD by 0.07%.

USD/CNH is trading higher at 7.2869 from 7.3114 previously closed. Onshore spot market is closed. 12 month NDF followed the offshore market and is trading higher at 7.1302 compared to 7.1525 previously closed.

USD/IDR spot market reopened at 16345 from 16435 previously closed. 1 month NDF is trading higher at 16338 from 16368 previously closed.

USD/INR onshore spot market is trading higher at 87.07 from 87.19 previously closed. 1 month NDF is trading higher at 87.34 from 87.20 previously closed.

NA Session

The USD weakened in North America, due to reduced trade worries and assisted by a steeper than expected 516k fall in US December job openings, though this did not fully reverse the gains of the preceding two months.  

USD/CAD extended losses to near 1.43. USD/JPY fell by over a big figure to 154.30. EUR/USD saw relatively moderate advances to 1.0380 with GBP/USD and USD/CHF seeing similar moves. AUD/CAD stabilized seeing AUD/USD moving above .6250.