Asia Open - Overnight Highlights

EMERGING ASIA

EM currencies are trading individually against the greenback as market participants are seeing the September FOMC tilted towards dovish. The biggest losers are IDR 0.37%, followed by INR 0.3%, TWD 0.29%, THB 0.08%, MYR 0.06% and HKD 0.02%; while the largest winners is KRW by 1.17%, SGD 0.57%, CNY 0.18%, CNH 0.15% and PHP 0.04%.

USD/CNH is trading lower at 7.1719 from 7.1828 previously closed. Onshore spot market is trading lower at 7.1675 from 7.1805. 12 month NDF followed both the on/offshore market and is trading lower at 7.0130 from 7.0198 previously closed.

USD/IDR spot market is trading higher at 16351 from 16285 previously closed. 1 month NDF is trading lower at 16242 from 16357 previously closed.

USD/INR onshore spot market is trading higher at 87.52 from 87.26 previously closed. 1 month NDF is trading higher at 87.48 from 87.43 previously closed.