Asia Open - Overnight Highlights

EMERGING ASIA

EM currencies are trading mostly weaker against the greenback as the broad risk sentiment rebounds, along with the USD. The biggest winners are CNY by 0.33%, KRW 0.17%, CNH 0.13% and THB 0.01%; while the largest losers are PHP 0.31%, IDR 0.17%, MYR 0.12%, INR 0.08%, SGD 0.06%, HKD 0.05% and TWD 0.04%%.

USD/CNH is trading lower at 6.8793 from 6.8879 previously closed. Onshore spot market is trading lower at 6.8823 from 6.9048 previously closed. 12 month NDF followed both the on/offshore market and is trading lower at 6.7598 from 6.7680 previously closed.

USD/IDR spot market is trading higher at 16829 from 16802 previously closed. 1 month NDF is trading higher at 16840 from 16839 previously closed.

USD/INR onshore spot market is trading higher at 90.95 from 90.88 previously closed. 1 month NDF is trading lower at 91.08 from 91.16 previously closed.