The dollar has weakened further against G10 currencies. AUDUSD has edged up to 0.9278, EURUSD to 1.3288, and USDJPY has fallen to 97.78. In contrast, most EM Asia currencies are a touch weaker vs. the USD led by a 0.4% rise in USDMYR to 3.2202. The KRW is the main exception, appreciating to 1109.35 where it seems to have met central bank intervention. USDCNY fixed 15pips lower to 6.1705, but this was not enough to prevent a further fall in the CNY on a trade-weighted basis.
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Credit Suisse