A bout of USD strength hit Asian trading. EURUSD dipped below 1.3630, and USDJPY rallied towards 104.4. USDCAD also broke to post 2008-2009 high of 1.0972, while AUD fell to 0.892. AUDNZD inched higher to 1.0715 initially before trading back to NY close around 1.0687. Within EM Asia, MYR led selloff, down 0.6% to 3.283. USDPHP hit a three year high of 44.990 while USDINR gapped marginally higher to 61.595 on the open. The PBoC fixed USDCNY 75pips higher to 6.1005, reversing last two sessions’ fall.
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Credit Suisse