Mixed

A mixed day for Asia EM currencies amid uncertain risk sentiment with markets in a holding pattern ahead of US NFP data on Friday.

• CNH: Offshore yuan slightly weaker, USD/CNH crept higher but remained within the confines of yesterday's range. The PBOC set their central USD/CNY mid-point at CNY6.4594, 10 pips above sell-side estimate.
• SGD: Singapore dollar slightly weaker, but USD/SGD still within yesterday's range. Markets look ahead to PMI data which is expected to slow to 50.9 in August from 51.0 in July.
• KRW: Won is weaker, shrugging off higher than expected CPI and GDP data. On the coronavirus front there were 1,961 new cases in the past 24 hours, down from 2,025 yesterday.
• TWD: Taiwan dollar is stronger again, on track for a fourth straight session of lower closes with the rate rising just once in the past nine sessions. The first batch of BioNTech's COVID-19 vaccine arrived in Taiwan on Thursday.
• MYR: Ringgit is weaker, Health Min Khairy told reporters that the government have set up an expert committee, who are looking into the need for giving booster Covid-19 jabs.
• IDR: Rupiah rose slightly, Indonesia has reached a milestone of administering 100mn doses of Covid-19 vaccines, albeit this means that just 23% of the country's population have received at least one dose so far.
• PHP: Peso is stronger, Davao City Mayor Sara Duterte revealed that two senators, Bong Go and Sherwin Gatchalian, have personally offered to be her running mate in the 2022 presidential election. She also denied her father's recent claim that Senator Imee Marcos wanted to become her VP.
• THB: Baht is weaker, the parliamentary censure debate resumes today ahead of no-confidence votes slated for Saturday. There has been speculation about an alleged plot to unseat PM Prayuth.