NZD started the day rallying to 0.83 as a stream of positive data and news hit markets. A weak capex survey, on the other hand, pushed AUD down to 0.892 although it has since retraced to 0.894. AUDNZD was net lower on the day by 0.5% to 1.074. Price actions were lackluster elsewhere, with EUR and JPY fairly stable at 1.368 and 102.3 respectively.
Asian FX were mixed. USDCNY onshore spot was steady at 6.1236 but USDCNH fell 0.2% to 6.1065 despite the PBoC raising the fix to 6.1224, its highest fix since December 6. MYR and PHP underperformed, down 0.2% and 0.1% respectively, but THB and TWD made marginal gains.
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Credit Suisse