The dollar is mixed. EURUSD has rallied to 1.3068, but the JPY and AUD have weakened against the dollar to 98.85 and 0.9251, respectively. EURCHF is flat at 1.2331 after its overnight rally. The equity rally has helped push most EM Asian currencies slightly stronger against the dollar. Notably, USDINR has dropped back below 60 to 59.8125 and UDKRW has fallen to 1145.79. USDCNY fixed 10 pips lower to 6.17870, essentially sideways for the past six trading days.
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Credit Suisse