The USD has weakened in Asia. Although EURUSD is stable at 1.2740, AUDUSD has extended its gains to 0.8875 while USDJPY has fallen to 107.92. This has driven all EM Asia currencies to appreciate against the dollar. USDKRW has fallen to 1063.77 without any signs of intervention. USDMYR has dipped below 3.24, USDIDR has fallen to 12,182 and USDINR has dropped to 61.09. USDCNY fixed 32pips down to 6.1461.
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