EUR has declined slightly to 1.372 ahead of today’s ECB meeting while a strong retail sales report spurred the AUD to rally to 0.901. EM Asia FX continued to strengthen with the exception of the THB which fell 0.1%. KRW and INR outperformed, both up 0.5% to 1065 and 61.44, respectively. IDR also rallied 0.4% to 11532 and SGD rose 0.2% to 1.2678 but the SGD NEER remained weak in the context of its band. The PBoC kept the USDCNY fix marginally lower to 6.1249. USDCNY fell to 6.1153 and USDCNH followed closely to 6.1124, both below the fix.
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