G10 FX pairs are largely unchanged, but EM Asia currencies are stronger against the dollar despite USDCNY fixing 15pips higher to 6.1327. EURUSD has edged down to 1.3868, USDJPY is flat at 103.24, and AUDUSD has bounced off of a low of 0.9010 to trade at 0.9030. In EM Asia, the INR outperformed, rising 0.3% to 60.645 vs. the dollar followed by 0.2% gains in the KRW and SGD to 1064.40 and 1.2662 respectively. We have not seen central bank intervention today.
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Credit Suisse