The EUR edged higher to 1.3765, while USDJPY was marginally lower to 102.24. AUD fell to a low of 0.899 before reversing to 0.901. A similar pattern was followed by NZD, with AUDNZD only slightly lower to 1.085. IDR outperformed amongst Asian FX, up 0.5% to 11794 as the market digested yesterday’s announcement by the ABS to move towards onshore JISDOR fixing benchmark. Other EM Asian currencies were weaker on the day, with THB down 0.3% and SGD down 0.2%. Moody’s warned today that prolonged political unrest beyond 1H may hurt Thailand’s outlook. The PBoC fixed USDCNY 30 pips higher at 6.1103.
Read the full report: Market Research
Credit Suisse