USD/Asia likely to climb eventually

The off-late USD/Asia drop, post Fed meeting seems not to last long. This week's activity data will likely continue to picture a growth for the region. 

With G2 policy divergence set to push EUR/USD weakness ahead and without a meaningful turn around in China and EM demand, USD/Asia might resume its climb gradually.

A slight downward revision is likely in Singapore's final Q3 GDP. Manufacturing's prolonged weakness and renewed slowdown in services activity in September may still tip Q3 GDP into a mild technical recession. 

Both headline and core inflation for the month of October might fall ahead, because of distortions from administrative measures.

"The final GDP may thus reignite market discussions of the risk of further policy easing and drive SGD weakness, although the scope for SGD under-performancewould be limited given that the SGD NEER is trading near the bottom of the policy band (around 0.7% above lower band)", says Barclays in a research note.