Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
Sign up now for free access to this content.
Please enter your details below and select your areas of interest.
Most currencies from the Asia EM space started on a firmer footing, absorbing yesterday's risk-on impetus. This was weighed against continued Evergrande angst, which undermined risk appetite to a degree.
- CNH: Offshore yuan struggled for a clear direction, holding a tight range in the final Asia-Pac session of the week. The PBOC continued to add liquidity to the system amid the ongoing Evergrande saga and ahead of the looming quarter-end/Golden Week holiday.
- KRW: Spot USD/KRW recouped its initial losses, as South Korea reported its largest daily Covid-19 caseload. Heightened travel activity during the recent Chuseok holiday has sparked concerns over a potential flare-up in new infections.
- IDR: The rupiah traded sideways after generally remaining rangebound this week.
- MYR: USD/MYR moved away from a fresh weekly low and crept back towards neutral levels. Malaysia's CPI inflation slowed to +2.0% Y/Y in August from +2.2%, consensus pointed to a steady pace of price growth.
- PHP: The Philippine peso was among the worst performers in the Asia EM basket. BSP yesterday left its policy rate unchanged but raised inflation forecasts and signalled a sense of concern with the recent spike in CPI.
- TWD: TWD firmed a tad, despite two incursions into Taiwan's air defence identification zone by China's military aircrafts, which came a day after the self-ruling island applied to join the Trans-Pacific Partnership.
- SGD: USD/SGD edged higher ahead of the release of Singapore's industrial output.
- Onshore markets in Thailand were closed in observance of a public holiday.