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Weakness Across The Board

ASIA FX

The firmer USD is evident across the Asian FX space. USD/CNH has made fresh highs post the fix, above 6.9300 (last 6.9270). USD/KRW also got to 1349, new cyclical highs. This pair is more than 1.25% above Friday closing levels now. Elsewhere, SGD and TWD are both weaker by 0.40 to 0.50% respectively. USD/SGD is just below 1.4000 currently. USD/THB is up over 1%, last above 36.43. Other pairs are higher but by smaller magnitudes.

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