Asia Open - Overnight Highlights

EMERGING ASIA

EM currencies are trading mostly stronger against the greenback with the U.S. observing their holiday. The biggest winners are KRW 0.43%, followed by PHP 0.13%, MYR 0.12%, IDR 0.11%, TWD 0.04% and SGD 0.02%; while the biggest losers are CNH 0.08%, CNY 0.05%, INR 0.04% and HKD 0.01%.

USD/CNH is trading higher at 7.0744 from 7.0690 previously closed. Onshore spot market is trading higher at 7.0795 from 7.0761 closed before the national holiday. 12 month NDF followed both the on/offshore market and is trading higher at 6.9390 from 6.9350 previously closed.

USD/IDR spot market is trading lower at 16643 from 16662 previously closed. 1 month NDF is trading lower at 16643 from 16647 previously closed.

USD/INR onshore spot market is trading higher at 89.30 from 89.27 previously closed. 1 month NDF is trading higher at 89.53 from 89.33 previously closed.