Asia Open - Overnight Highlights

EMERGING ASIA

EM currencies are trading mostly weaker against the greenback as USD gained strongly after a weekly dip. The biggest losers are PHP 0.81%, followed by KRW 0.78%, THB 0.36%, SGD 0.31% CNY & CNH 0.21%, IDR & TWD 0.17%, MYR 0.15% and INR by 0.13%.

USD/CNH is trading higher at 7.1679 from 7.1532 previously closed. Onshore spot market is trading higher at 7.1695 from 7.1547. 12 month NDF followed both the on/offshore market and is trading higher at 6.9980 from 6.9887 previously closed.

USD/IDR spot market is trading higher at 16320 from 16295 previously closed. 1 month NDF is trading higher at 16378 from 16317  previously closed.

USD/INR onshore spot market is trading higher at 86.51 from 86.40. 1 month NDF is trading higher at 86.65 from 86.58 previously closed.