In FX, EUR continued to inch lower to 1.312 ahead of Thursday’s ECB meeting. USDJPY stabilized just below 104.2 while NZD ground marginally higher to 0.837 on better-than-expected terms of trade. Asian FX was mixed, with TWD 0.2% higher but IDR and THB 0.1% weaker. The PBoC fixed USDCNY 33pips higher to 6.1680, close to the high in early August.
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