Free Trial

USD/Asia Rangebound, THB Lags Behind

ASIA FX

Most USD/Asia crosses held fairly narrow ranges, with markets in China, Taiwan and South Korea closed in observance of local public holidays.

  • CNH: Spot USD/CNH edged lower as the greenback struggled for any topside momentum. China's markets are set to reopen tomorrow.
  • IDR: The rupiah treaded water ahead of the announcement of Bank Indonesia's monetary policy decision.
  • MYR: USD/MYR eased from a multi-week high, with broader greenback dynamics undermining the pair.
  • PHP: The peso also firmed on the back of USD weakness, amid limited local headline flow.
  • THB: The baht was the worst performer in the Asia EM basket after FinMin Arkhom announced on Monday that Thailand will be raising its official debt cap to 70% from 60% of GDP.

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.