FX majors mostly tread water with EUR steady at 1.336 and USDJPY marginally higher to 102.5. AUD was also up marginally to 0.932. Asian FX performed better on the day. MYR, TWD and KRW continued to see demand, with MYR, in particular, breaking below 3.17 thanks to a stronger-than-expected GDP report. The PBoC kept the USDCNY fix largely stable at 6.1538 although CNY spot and CNH have continued to strengthen.
Read the full report: Market Research