In FX, AUDUSD was the main mover, dropping about 1% to 0.894 in response to weaker-than-expected employment data. EURUSD recouped some of its overnight losses to rise to 1.3615 while USDJPY fell with risk appetite to 102.18. In EM Asia FX, the IDR was the standout gainer, rising 0.3% to 12,058. Intervention stopped early moves lower in USDKRW and USDINR, pushing both up slightly on the day to 1064.82 and 62.185 respectively. The USDCNY fixed 22pips higher to 6.11, its third highest level this year.
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Credit Suisse