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ASIA FX: Very Quiet in North East Asia Markets, China Returns Tomorrow

ASIA FX
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North East Asian currency markets have been very quiet today, with China, South Korea and Taiwan all out for holidays. USD/CNH is little changed, last near 7.0970. China markets return tomorrow after a 4 day break for the mid-autumn festival. Focus is likely to rest on the weekend data outcomes, which showed generally softer August activity prints and sharper house price falls. 

  • South Korean markets are out until Thursday. The 1 month USD/KRW NDF is biased lower, albeit in lighter liquidity conditions. We were last near 1314, around 0.3% stronger in won terms. For reference Friday's onshore spot close was 1333.55. 
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North East Asian currency markets have been very quiet today, with China, South Korea and Taiwan all out for holidays. USD/CNH is little changed, last near 7.0970. China markets return tomorrow after a 4 day break for the mid-autumn festival. Focus is likely to rest on the weekend data outcomes, which showed generally softer August activity prints and sharper house price falls. 

  • South Korean markets are out until Thursday. The 1 month USD/KRW NDF is biased lower, albeit in lighter liquidity conditions. We were last near 1314, around 0.3% stronger in won terms. For reference Friday's onshore spot close was 1333.55.