Asian FX recovered from yesterday’s lows, led by a 0.5% rally in KRW to 1078. The PHP, MYR and SGD have all strengthened marginally by 0.1% to 0.2%. The INR was little changed at 63.05 ahead of the RBI meeting while IDR underperformed, weakening 0.2% to 12260. The PBoC fixed USDCNY 31 pips higher at 6.1053.
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