AUDUSD has edged slightly higher, to 0.9045, after falling sharply in New York. In contrast, EURUSD is flat at 1.3585 and the yen has held some of its overnight gains to trade at 102.31 vs. the USD. In EM Asia, the INR has outperformed rallying to 61.80 in response to early exit polls in state elections, suggesting opposition victories. Most other dollar-Asia pairs are little changed. USDMYR has traded up slightly to 3.228 and USDIDR has risen further to 12,035, but USDKRW is flat at 1061 the figure. USDCNY fixed 10pips higher, to 6.1310.
Read the full report: Market Research
Credit Suisse