The USD has given up some of its New York rally. AUDUSD has bounced to 0.9189, EURUSD has edged up to 1.3531, and USDJPY has nudged lower to 101.51. AUDNZD is flat at 1.1152. EM Asia FX is mixed. USDKRW gapped lower at the open, bounced, and is 1060.25 at the time of writing. The MYR, SGD, and THB are all modestly weaker vs. the USD from yesterday’s closes, but the PHP and TWD rallied very slightly. USDIDR has pushed up to 11,782, continuing its trend depreciation while USDINR is at 62.515. USDCNY fixed 15pips higher to 6.1357.
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Credit Suisse