Among the majors, AUDUSD rose to a high of 0.9304 before easing off to 0.9267 after the RBA statement (see below). EURUSD and USDJPY are essentially unchanged at 1.3775 and 103.27 respectively. In contrast, almost all EM Asia currencies rallied against the dollar today. USDKRW has fallen to 1059.67, USDTWD has dropped to 30.49, USDIDR has dropped to 11,271 and USDTHB has fallen to 32.38. USDCNY fixed 18pips lower to 6.1503, sparking rallies in the CNY and CNH.
Read the full report: Market Research
Credit Suisse