Asia Open - Overnight Highlights

EMERGING ASIA

EM currencies are trading individually against the greenback to kick start the new year of 2026. The biggest winners are MYR 0.16%, CNH 0.08% and TWD by 0.02%; while the biggest losers are KRW 0.34%, INR 0.25%, IDR 0.21%, HKD 0.09%, SGD 0.08% and PHP by 0.07%.

USD/CNH is trading lower at 6.9703 from 6.9756 previously closed. Onshore spot market is closed. 12 month NDF followed the offshore market and is trading lower at 6.8602 from 6.8625 previously closed.

USD/IDR spot market is trading higher at 16725 from 16687 previously closed. 1 month NDF is trading higher at 16718 from 16698 previously closed.

USD/INR onshore spot market is trading higher at 90.19 from 89.96 previously closed. 1 month NDF is trading higher at 90.24 from 90.20 previously closed.

NA Session

In a session with limited news, the USD erased some early losses, the moves largely guided by UST yields. USD/JPY slipped to near 156.50 before rebounding to 156.85 while EUR/USD rose as high as 1.1765 before slipping back to 1.1725. EUR/GBP remained slightly weaker near .8715 while EUR/CHF fell to .9285. The commodity currencies were little changed, with equities quiet. December’s final U.S. S and P manufacturing PMI was unrevised at 51.8.