The USD has strengthened against the G10 commodity bloc. USDCAD climbed 0.7% to a new year-high of 1.132. AUD and NZD have both weakened 0.2% on the day to 0.871 and 0.784, respectively. EUR and JPY are relatively stable at 1.264 and 107.2, respectively. In EM Asia, MYR underperformed, down 0.3% to 3.275, and PHP weakened 0.2% to 44.9. KRW pared losses to 1066 post the BoK’s rate cut. The PBoC raised the USDCNY fix by 47pips to 6.1455 from a six-month low yesterday.
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