Asia Open - Overnight Highlights

EMERGING ASIA

EM currencies are trading mostly weaker against the greenback as the USD gains on higher geopolitical tension between Iran and Israel. The largest losers are PHP 0.87%, followed by IDR 0.58%, KRW 0.51%, THB 0.44%, INR 0.30%, TWD 0.29%, MYR 0.21%, SGD 0.16%; while the biggest winner is CNH by 0.12% and CNY 0.02%.

USD/CNH is trading lower at 7.1860 from 7.1946 previously closed. Onshore spot market is trading lower at 7.1878 from 7.1895. 12 month NDF followed both the on/offshore market and is trading lower at 7.0070 from 7.0165 previously closed.

USD/IDR spot market is trading higher at 16395 from 16300 previously closed. 1 month NDF is trading higher at 16385 from 16357 previously closed.

USD/INR onshore spot market is trading higher at 86.73 from 86.47. 1 month NDF is trading higher at 86.86 from 86.61 previously closed.