MNI BRIEF: Olli Rehn Gets Second Term As Bank Of Finland Head

MNI China Daily Summary: Friday, March 14

MNI BRIEF: China February M2 Stays At 7% Y/Y

RPT-MNI INTERVIEW2: Lag Justifies Faster CNB Easing - Holub

CHINA JAN-FEB NEW LOANS CNY6.14 TRLN VS MEDIAN CNY6.43 TRLN

MNI BRIEF: China's Education Ministry To Boost Graduate Jobs

MNI: CANADA JAN WHOLESALE SALES +1.7%; EX-AUTOS +0.7%

MNI: CANADIAN JAN MANUFACTURING SALES +1.7% MOM

MNI: SPAIN FEB HICP +0.4% M/M, +2.9% Y/Y

GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

ASIA FX: SEA FX Firmer, Higher Yields Still Lagging

ASIA FX
BulletEM BulletAPACEmerging Market News

In South East Asia, USD/Asia pairs are lower, but to varying degrees. This is in line with the majors, which are being led higher by the EU currencies, amid market hope of an end to the Ukraine conflict (or at least a path to peace following Trump/Putin talks). 

  • USD/SGD is back under 1.3500. Earlier Feb lows were at 1.3462. We are back sub the 20 and 50-day EMAs, while the 100-day EMA is further south around 1.3455.
  • USD/THB sits lower, the pair back to 33.85/90, around 0.60% stronger in baht terms so far today. We are sub all key EMAs, but recent lows are still intact, in the 33.55/60 region. Data showed a tick up in consumer confidence for Jan, the headline index to 59.0, but we are still sub the early 2024 highs.
  • USD/MYR is down, last sub 4.4600, but is within recent ranges. USD/PHP has trailed USD losses elsewhere, the pair last near 58.15. The BSP meets later and is widely expected to cut. The tone from the central bank could be in greater focus.
  • USD/IDR has also trailed USD index losses the pair sitting just under 16360 in latest dealings.
  • USD/INR is relatively steady in early Thursday dealings, last near 86.80/85. This follows the volatility in the first part of the week. We are just above the 20-day EMA support point at this stage. 
227 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

In South East Asia, USD/Asia pairs are lower, but to varying degrees. This is in line with the majors, which are being led higher by the EU currencies, amid market hope of an end to the Ukraine conflict (or at least a path to peace following Trump/Putin talks). 

  • USD/SGD is back under 1.3500. Earlier Feb lows were at 1.3462. We are back sub the 20 and 50-day EMAs, while the 100-day EMA is further south around 1.3455.
  • USD/THB sits lower, the pair back to 33.85/90, around 0.60% stronger in baht terms so far today. We are sub all key EMAs, but recent lows are still intact, in the 33.55/60 region. Data showed a tick up in consumer confidence for Jan, the headline index to 59.0, but we are still sub the early 2024 highs.
  • USD/MYR is down, last sub 4.4600, but is within recent ranges. USD/PHP has trailed USD losses elsewhere, the pair last near 58.15. The BSP meets later and is widely expected to cut. The tone from the central bank could be in greater focus.
  • USD/IDR has also trailed USD index losses the pair sitting just under 16360 in latest dealings.
  • USD/INR is relatively steady in early Thursday dealings, last near 86.80/85. This follows the volatility in the first part of the week. We are just above the 20-day EMA support point at this stage.