CANADA TO PUBLISH FISCAL UPDATE ON DEC. 16

MNI BRIEF: Inflation Expectations Tick Higher - NY Fed

MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

EZ/UK T-Bill Calendar: Spain, Belgium Auction on Tuesday

MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Asian FX Gains Accelerating Against The USD, KRW, PHP and IDR Leading

ASIA FX

USD/Asia selling has been more prominent in recent Asia Pac dealings.

  • As was the case yesterday, the won remains the standout, +1.2% firmer in spot terms. This puts us back to 1326/27, while the 1 month NDF is below 1325, which is sub NY Thursday lows. Local equities are near session highs (+1.10% for the Kospi), unfazed by a slightly weaker US futures backdrop at this stage.
  • Spot PHP is the next best performer, up 0.80%, as onshore markets return today after a two-day break. USD/PHP has slumped to 56.25/30, fresh lows back to late August.
  • USD/IDR spot is down 0.55%, back under the 15800 level (15770 last).
  • The continued pull back in US real yields in Thursday trade (10yr to 2.27%, versus late October highs of 2.52%) is aiding broader sentiment and helping fuel regional equity gains.
  • The yuan remains somewhat on the sidelines, but USD/CNH is tracking towards 7.3200 in recent dealings, fresh lows for the week.
EM BulletHomepageBulletMarketsEmerging Market NewsForeign Exchange Bullets

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.