The Global Macro Pulse

The dollar was slighltly weaker after strong overnight gains. EUR edged 0.1% higher following the overnight fall after the CPI data, bouncing back to 1.1212. GBP followed a similar path, rising 0.2% to 1.5438. AUD was lower to 0.7794, while NZD rose to 0.7546. JPY gained, with USDJPY back down to 119.22 from the overnight high of 119.50. In Asia EM FX, MYR weakened 0.8% to 3.612, while IDR weakened 0.3% to 12871. The PBoC fixed USDCNY 96 pips higher at 6.1475, and USDCNH rose to 6.2875.

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