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Rupiah Top Of The Pile, Baht Brings Up The Rear

ASIA FX

Moves mixed in a holiday thinned session. Sentiment initially risk off after reports largest-ever incursion by Chinese warplanes into Taiwan's air defence zone, while sentiment was again dented after news that China Evergrande's Hong Kong equity listing, along with its property management unit's listing, will be suspended.

  • CNH: Markets closed for holiday. Offshore yuan weaker, participants will return later this week after the National Day holiday.
  • SGD: Singapore dollar is flat, having oscillated in a narrow range. Markets look ahead to PMI data after market.
  • KRW: Market closed for holiday.
  • TWD: Taiwan dollar is flat, shaking off reports of the reports largest-ever incursion by Chinese warplanes into Taiwan's air defence zone.
  • MYR: Ringgit gained, PM Ismail Sabri told local reporters that broader relaxation of curbs on mobility is drawing nearer.
  • IDR: Rupiah rose, The Jakarta Post pointed to the escalating infighting within Pres Widodo's PDI-P party, which struggles to unite in pursuit of post-Jokowi presidency.
  • PHP: Peso is higher, Philippine President Rodrigo Duterte took many off guard as he announced his plan to retire from politics and resign from seeking to become Vice President once his current term expires in 2022.
  • THB: Baht declined, PM Prayuth launches Covid-19 vaccine rollout targeting students aged 12 to 18 today.

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