The Global Macro Pulse

The USD regained strength after overnight consolidation. EUR inched lower to 1.1168. AUD fell slightly to 0.781, reversing almost half of the rally post RBA on Tuesday. USDJPY traded in a tight range of 119.50-119.75. INR jumped 0.4% to 61.66 on the open, but has since pared gains to 61.84. In contrast, MYR fell 0.3% to 3.637. The PBoC lowered the USDCNY fix for the first time this week, by 18pips to 6.1525. USDCNH has come back down to 6.2772.

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