The dollar is little changed against the majors, but slightly weaker against EM Asia currencies. AUDUSD is at 0.9024, off its overnight high in US trading, EURUSD is flat at 1.3736, and USDJPY is a touch higher at 102.56.With equities rallying, the KRW has outperformed, rallying 0.4% to 1070.9 to the dollar, followed by a 0.3% rise in the MYR to 3.277. The CNY is the only currency that has weakened today. Although the USDCNY fix is 5pips lower at 6.1184, USDCNY and USDCNH have risen about 0.2% today.
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Credit Suisse