The Global Macro Pulse

In FX, USDJPY edged lower to 117.08 but most G10 pairs were steady. EURUSD was unchanged around 1.155 and EURCHF around parity. Across EM Asia, USDCNY opened to a two-week high of 6.224 on the back of the weak equity performance, and a higher USDCNY fix to 6.1230, before easing slightly. MYR appreciated to 3.550 initially but has since reversed all gains to 3.562. USDINR gapped lower to 61.6 on the open.

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