HALISTER1: Ringgit, Won Poised to Fall, Forwards Imply; USD Charges Higher

Ringgit, Won Poised to Fall, Forwards Imply; USD Charges Higher

(Bloomberg) -- Asian emerging-market currencies are set to decline when trading starts Friday amid broad-based gains for USD; BBDXY rose for a second session overnight, up 0.8% to 1,225.88.
  • USD/KRW 1-month NDF climbed to 1,168.34 overnight before closing at 1,166.06; implies spot USD/KRW may open 1.4% above its 1,149.78 onshore close on Thursday
  • USD/MYR 1-month NDF closed at 4.3725 overnight, or 2.3% above its onshore close at 4.2725
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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