EURUSD has bounced off of its Friday low to trade up to 1.2863 while USDJPY has dipped to 108.73, close to its Friday low. AUDUSD is up marginally at 0.8945. All EM Asia currencies have rallied slightly against the dollar led by a 0.5% rise in the KRW to 1039.16. The PHP and MYR are 0.2% stronger. USDCNY fixed 30pips higher to 6.1485.
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