AUD rebounded to 0.87 this morning, but still below its Friday high post PBoC’s rates cut. EUR inched higher towards 1.24, while USDJPY was sideways at 117.8. Asian FX opened higher but has since pared gains. USDMYR fell briefly below 3.34 before rebounding to 3.345. INR and IDR maintained a marginal 0.1% gain while USDKRW reverted to trade flat on the day at 1113. The PBoC raised the USDCNY fix by 33pips to 6.1420. USDCNY dipped to 6.1306 but USDCNH bounced higher to 6.1405, widening the CNYCNH spread.
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