EURUSD rose to a high of 1.3622, USDJPY pushed up to 102.61 before giving up gains to trade at 102.36 and AUDUSD has fallen to 0.9084. The dollar has generally weakened against the EM Asia FX block wiith the IDR outperforming. USDIDR has fallen both in spot, which traded down to 11,868 after mild selling by Bank Indonesia, and NDFs. USDKRW opened lower and has ground down to 1058.25 with the Bank of Korea seemingly smoothing, but not intervening aggressively. USDCNY fixed 18pips lower to 6.1325. Only the peso weakened today, and only modestly to 43.76 to the dollar.
Read the full report: Market Research
Credit Suisse