Having rallied in New York in response to higher US yields, the USD is basically flat against the major currencies in Asia. AUDUSD is at 0.9151, EURUSD is 1.3205, and USDJPY is a bit lower at 100.15. NZDUSD is the exception, having rallied to 0.7979 after a more hawkish-than- expected RBNZ policy statement.
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Credit Suisse
