Soon some healthy REAL MONEY inflows on the open here…USDTWD
Macro adding to USDRUB shorts (via options too)
We have sold USDKRW for lvgd , but weak IP data has tempetred the enthusiasm a bit here.
No INR flow. GDP print a little softer than exp here.
Lvgd int to sell USDCNY [still] very evident , but think the appearance of real money needs monitoring, due to the lack of it in prev risk rallies.
HSBC Global Research