NZD led rallies in G10 FX, supported by strong building permits. NZDUSD rebounded to 0.850 from a two-month low of 0.845. AUD rose to 0.932 but AUDNZD is still marginally lower at 1.096. Elsewhere, USDJPY inched slightly lower within its range to 101.61 while EUR is virtually unchanged at 1.361. Asian FX were marginally stronger on the day. TWD and PHP gained 0.2%, and INR and IDR both managed a 0.1% appreciation against USD. The KRW once again met strong intervention and was largely unchanged at 1020. The PBoC fixed USDCNY 10pips lower to 6.1695 but USDCNY spot edged higher.
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