G10 FX price actions have been lackluster. The EUR was flat at 1.3830, USDJPY rose very marginally to 102.33 while AUD pulled back to 0.913, essentially unchanged from its NY close from a high of 0.916. Within EM FX, the INR outperformed, up 0.4% to 60.54 while THB and KRW remained under pressure, both down 0.2%. The PBoC lowered the USDCNY fix for the second session this week to 6.1426. Both USDCNY and USDCNH eased further to 6.1831 and 6.1786 respectively.
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Credit Suisse