AUDUSD fell to 0.9025 despite a larger-than-expected rise in employment in November. AUDNZD dipped to a post 2008 low of 1.0906, after the more hawkish RBNZ monetary policy statement. EURUSD is up a touch at 1.3794 from its Asian open, but below its overnight high, just above 1.38 the figure. USDJPY has marked time at 102.57. All EM Asia dollar pairs are higher today. The INR has underperformed, jumping 0.6% weaker at the open to 61.655 to the dollar, possibly driven by the exit of unallocated foreign flows associated with a recent Indian IPO. USDMYR has risen 0.4% to 3.2285 and USDPHP 0.2% to 44.210. The USDCNY fix came in 15pips higher at 6.1115, its first rise in five sessions.
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Credit Suisse