The Global Macro Pulse

USDJPY nudged up to 102.59, but the AUDUSD and EURUSD are flat at 0.9297 and 1.3361, unable to hold onto early gains. All EM Asia currencies appreciated against the dollar, but the KRW outperformed, rallying 0.6% following the BoK rate cut. The PHP is 0.5% stronger at 43.74 followed by 0.4% gains in the THB and MYR.

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