Asia Open - Overnight Highlights

EMERGING ASIA

EM currencies perform mostly weaker against the USD on the first trading day as risk appetite continue to sour. The only winner is KRW by 0.04% ; the largest loser are IDR by 0.57%, THB 0.54%, SGD 0.33%, TWD by 0.29%, MYR 0.14%, INR 0.12%, HLD & PHP 0.11% and CNH 0.06%.

USD/CNH is trading higher at 7.3403 from 7.3361 previously closed. Onshore spot market reopened higher at 7.2994 than 7.2993 previously closed. 12 month NDF diverged from both the on/offshore market and is trading lower at 7.1634 compared to 7.1727 previously closed.

USD/IDR spot market is trading higher at 16195 from 16102 previously closed. 1 month NDF is trading higher at 16255 from 16218 previously closed.

USD/INR onshore spot market is trading higher at 85.75 from 85.64 previously closed. 1 month NDF is trading higher at 86.07 from 85.93 previously closed.