In FX, the dollar has weakened against the EUR and AUD, but is flat against the yen. AUDUSD corrected up to 0.9259 and EURUSD rose to 1.3657 despite dovish sounding comments from ECB President Draghi overnight. USDJPY is at 101.95. EM Asia currencies are mostly weaker with the exception of the Korean won. USDINR has pushed up to 59.014, USDMYR has risen to 3.2125 and USDSGD is up at 1.2545. In contrast, USDKRW is slightly lower at 1023.55 and USDCNY fixed 12pips down to 6.1687. However, the sqeeze on offshore CNH liquidity continued.
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Credit Suisse