Won Props Up Returns Table

The greenback pushed slightly higher in Asia on Tuesday, risk sentiment in the region was mixed and catalysts limited.

• CNH: Offshore yuan is slightly stronger, picking up from recent lows. . There were 143 new coronavirus cases in mainland China today, the highest case count since January 20.
• SGD: Singapore dollar is flat, markets await GDP data tomorrow. Ministry of Health has announced that 70% of its population is now fully vaccinated with the target of herd immunity drawing closer.
• TWD: Taiwan dollar is on track for a three-day losing streak after rising for four straight sessions last week. Data late yesterday showed Taiwan posted strong exports again, exports rose 34.7% in July from a year earlier to $37.9bn, the highest for any month in data back to 1981.
• KRW: Won is weaker, on the coronavirus front South Korea recorded 1,540 daily new coronavirus cases on Tuesday, back to above 1,500 as the nationwide resurgence of COVID-19 cases continued amid the summer season
• IDR: Rupiah is weaker, Indonesia announced that it will gradually relax restrictions in several locations including Jakarta and said it's preparing a plan for living with Covid-19 over the next few years.
• PHP: Peso is stronger, Philippine economy expanded 11.8% Y/Y in Q2 after contracting 3.9% in Q1, beating BBG median estimate of +10.9%. The expansion was fastest since 4Q1988
• THB: The Thai Cabinet meets today and is expected to discuss additional economic relief measures for people affected by the outbreak of Covid-19.