The dollar was stable against the EUR in Asia at 1.3536, but has rallied against most other currencies. AUDUSD has fallen to 0.9067 and USDJPY has risen to 103.34. USDKRW gapped up at the open and has risen to 1062.05. USDTWD followed, rising to 29.586 and USDMYR is up at 3.2207. Among high yielders, USDIDR outperformed, rising to 11,855 whereas USDINR failed to hold early gains and is at 62.355.
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Credit Suisse