The Global Macro Pulse

EUR and GBP were little changed since the Asia open, edging higher from overnight lows to 1.1608 and 1.5146 respectively. AUD and NZD continued to fall, following on from the Bank of Canada rate cut. AUD fell to 0.8065, while the NZD fell to 0.7526. USDJPY was 0.2% higher at 118.2, whilst USDKRW was 0.3% higher at 1086.50. In EM Asia FX, INR appreciated 0.2% to 61.50, and the MYR appreciated 0.2% to 3.6090. USDCNH was little changed at 6.2152 as the PBoC fixed USDCNY 21 pips lower at 6.1247.

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