After weakening overnight, the dollar has traded flat against the majors in Asia. AUDUSD is at 0.9062, EURUSD is at 1.3668, and USDJPY is at 101.83. The KRW, MYR, and TWD all rallied marginally at the open, but failed to go very far. USDKRW has been held up at 1057.79 by official support, USDMYR is at 3.2215, and USDTWD has edged down to 29.575. The USDCNY fix came in lower than expected, falling 78pips to 6.1232, a new low. In contrast, the THB has underperformed, weakening to 32.327 in response to expectations for further anti-government protests today.
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Credit Suisse