AUDUSD rallied to 0.9432 in response to higher-than-expected trimmed mean inflation in Q2. USDJPY drifted off of its overnight highs to trade at 101.41. In contrast, EURUSD fell slightly to 1.3465.The dollar fell vs. EM Asia currencies. The IDR outperformed, rallying 1% to 11,497. The PHP, MYR and KRW are 0.2%-0.3 stronger vs. the dollar while the INR and THB are about 0.1% stronger. The PBoC raised the USDCNY fix 28pips to 6.1572, but both USDCNY spot and USDCNH fell on the day.
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