Baht Worst Performer On Negative Day

The greenback rose for a third session in defensive Asia-Pac trade, sentiment was soured by the slide in Evergrande in Hong Kong.

CNH: Equity and bond markets in China are closed for a holiday. Offshore yuan fell while the greenback found favour. The negative tone stems from worries surrounding the giant Chinese property developer Evergrande.

SGD: Singapore dollar is weaker for a third session, the Straits Times Index fell despite reports that Singapore is seeking to set up an SGD 1.5bn fund backed by Temasek

KRW: Markets in South Korea closed for holiday.

TWD: Markets in Taiwan closed for holiday.

MYR: Ringgit declined to hit a three-week low. There were reports that the government will offer booster shots to high-risk individuals

IDR: Rupiah is lower, markets look ahead to the Bank Indonesia rate announcement tomorrow. The Central Bank are expected to leavy policy settings unchanged.

PHP: Peso weakened, participants await the BSP rate announcement on Thursday this week, of 20 analysts surveyed 19 expect rates to remain on hold while one expects a 25bps cut.

THB: Baht fell, the government announced an increase in coronavirus cases for a third day, though deaths fell to the lowest since July 26. The decline was accelerated by bonds outflows on worries of a debt supply increase.