The IDR was the big mover in Asia trading. USDIDR gapped lower on the open to 11513 before paring its gain to 11560, catching up with the move in the NDF market yesterday. Another bright spot was the USDCNY fix. The PBoC lowered the USDCNY fix sharply to 6.1443 but this did not generate much pressure on the USDCNY spot or the USDCNH. In G10 FX, USDJPY inched lower to 101.51. EURUSD was marginally higher at 1.364 while the AUD shrugged off the higher employment gains and ended unchanged on the day.
Read the full report: Market Research