Asia Open - Overnight Highlights

EMERGING ASIA
EM currencies perform individually against the USD as most Asia market just exited the holiday mood with no major economic release nor headlines crossing the wires. SGD saw the largest gains of 0.18%, followed by CNH 0.13%, CNY 0.08%, INR 0.06% and PHP 0.01%; the biggest loser is TWD by 0.32%, MYR 0.24%, IDR 0.19%, KRW 0.18% and THB 0.09%.
USD/CNH is trading lower at 7.2017 compared to the 7.2114 at previously closed Onshore spot USD/CNY is trading lower at 7.1925 from 7.1982 previously closed. 12 month NDF followed both the on/offshore market and is trading lower at 7.0090 compared to 7.0124 previously closed.
USD/IDR spot market is trading higher at 15660 from 15631 previously closed. 1 month NDF is trading higher at 15669 from 15647 previously closed.
USD/INR onshore spot market is trading lower her at 82.97 from 83.04. 1 month NDF is trading lower at 82.97 from 83.11previously closed.
NA Session
The USD edged a little lower in the North American session, though came off its lows in the afternoon, in generally quiet conditions. EUR/USD peaked at 1.0839 but remained above 1.08 while USD/JPY bottomed at 149.69 before recovering to 150.
Canadian CPI was the only significant data, and came in a long way below expectations in all measures. So while the USD was generally lower, USD/CAD rose around 40 pips to 1.3520.