The Global Macro Pulse

AUDUSD has fallen to 0.9012 in response to the weak China data. EURUSD is unchanged from Friday at 1.2963 while USDJPY is slightly lower at 107.22. The GBP has weakened slightly to 0.7981 on a EURGBP basis and 1.6243 for GBPUSD.

All EM Asia currencies have weakened against the dollar. The IDR and INR have underperformed, falling just under 0.6% to 11,890 and 61.0150, respectively, followed by the MYR, down 0.5% to 3.2128. USDKRW opened up and rose to a high of 1041.21, but has softened to 1037.67. USDCNY fixed 16pips lower to 6.1452, but USDCNH and USDCNY are both slightly higher on the day.

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