December 23, 2024 05:26 GMT
ASIA FX: SEA Currencies Aided By Lower US Yields, Firmer Equities
ASIA FX
- In SEA, baht is the best performer up 0.65%. USD/THB is back sub 34.25. We are still comfortably above earlier Dec lows of 33.66 though. PHP is up around 0.40%, leaving USD/PHP back sub 58.40, with the pair now some distance from record lows at 59.00. BSP has been active around this level.
- USD/IDR has edged lower, last near 16170. Recent highs in this pair were above 16300. BI's declaration to boldly guard the FX, along lower US yields have helped the pair track lower.
- USD/SGD is slightly lower, back under 1.3550. Data showed Nov CPI below expectations, with core and headline now sub 2%. This is likely to add momentum to easing calls for 2025.
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