EUR has rebounded from its low of 1.1320 to 1.1361 as risk sentiment recovers. Similarly, AUD has rallied past 0.78, and NZD to 0.752. USDJPY found support again near 118.2, and rebounded to 118.6. Most EM Asian currencies were lower on the day, led by a 0.4% drop in TWD, and a 0.3% fall in MYR. In contrast, SGD was marginally higher following stronger local data. The PBoC fixed USDCNY 57 pips higher to 6.1330 on the last trading day before the Lunar New Year holiday. USDCNH spiked to 6.2745, 2.3% above the fix.
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