Asia Open - Overnight Highlights

EMERGING ASIA

EM currencies perform mostly weaker against the USD as the greenback is favored on haven seeking times when asset are all being offered amid the global IT outage due to Crowd Strike's update. THB saw the largest losses of 0.85%, followed by KRW 0.51%, TWD 0.38%, MYR 0.345%, IDR 0.20%, PHP 0.17%, CNH and CNY 0.11%, SGD 0.10% and HKD 0.01%.

USD/CNH is trading higher at 7.2855 from 7.2775 previously closed. Onshore spot USD/CNY is trading higher at 7.2699 from 7.2621previously closed.. 12 month NDF diverged from both the on/offshore market and is trading lower at 7.0747 compared 7.0779 to previously closed.

USD/IDR spot market is trading higher at 16191 from 16155 previously closed. 1 month NDF is trading higher at 16226 from 16198  previously closed.

USD/INR onshore spot market is trading higher at 83.66 from 83.65 previously closed. 1 month NDF is trading higher at 83.81 from 83.76.

NA Session

Global IT outages and a lack of US data helped ensure there was little FX movement in North America, USD/JPY trading near 157.50 and EUR/USD near 1.0880. USD/CAD saw a rise to near 1.3750 after a weak Canadian retail sales report for May, down by 0.8% and by 1.3% ex autos, but even that move was partially corrected. Equities were softer and UST yields slightly higher, and the USD marginally stronger overall.