MNI: SPAIN DEC HICP 0.4% M/M, 2.8% Y/Y

MNI BRIEF: China Sees Favourable Conditions For 2025 Trade

MNI: FRANCE DEC HICP 0.2% M/M, 1.8% Y/Y

MNI: PBOC Net Injects CNY958.4 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Higher At 7.1883 Weds; -2.29% Y/Y

MNI NBP WATCH: Rate Hold Seen After Governor's Hawkish Tilt

MNI: UK DEC CPI +0.3% M/M, +2.5% Y/Y

MNI: UK PPI DEC INPUT -1.5% Y/Y, PPI OUTPUT 0.1% Y/Y

MNI: SWEDEN FINAL DEC CPIF +1.5% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

ASIA FX: THB & MYR Lead South East Asia FX Gains

ASIA FX

All of South East Asia (SEA) has rallied against the USD so far today. THB FX has been the standout, up over 1.30% at this stage. USD/THB is to fresh lows into the 33.75/80 region. These levels were last seen back in July 2023. Thailand equities have rallied strongly today, up over 2%, with the index connivingly above its simple 200-day MA. The index has lagged broader markets so far in 2024 and with focus shifting away from tech it may be seeing some benefit as a result. Thailand CPI data was close to expectations for core and headline. 

  • USD/MYR is back to the low 4.3300 region. Recent lows for the pair rest at 4.3100 which is likely to be a downside target on further USD weakness.
  • Philippines inflation was softer than expected. CPI rose 3.3% yoy in August versus prior of 4.4%. Local equities are flat for the day, but USD/PHP is down sub 56.40. This is still up from recent lows.
  • USD/IDR has softened but hasn't been able to test sub 15400 at this stage. 
GlobalEM BulletBulletAPACEmerging Market NewsRegion
GlobalEM BulletBulletAPACEmerging Market NewsRegion

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.