EUR edged higher to 1.3717 after briefly trading below 1.37 at the NY close. USDJPY reversed yesterday’s gain, falling steadily to 102.15. Both AUD and NZD caught strong bidding interest, driving the former towards 0.94 and the latter to 0.866. EM Asian FX rallied, led by a 0.6% rise in IDR and 0.5% gain in PHP. USDKRW on the other hand bounced sharply higher to 1026.3 on what seems to be aggressive BoK intervention. The PBoC fixed USDCNY 17pips higher to 6.1653 today.
Read the full report: Market Research
Credit Suisse