In FX, AUD continued to climb to 0.9237. EUR was largely unchanged at 1.3785, while USDJPY found some support at 101.72 and rallied all the way to 102.15. Amongst the EM Asia complex, KRW and SGD continued to outperform, up 0.3% and 0.2% respectively. On the other hand, IDR fell for the 3rd day to 11438. USDCNY is modestly higher to 6.2139 after the PBoC raised the fix to 6.1465. Similarly, USDCNH also edged higher to 6.2073.
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Credit Suisse