Dollar-G10 is essentially unchanged in Asian trading with AUDUSD at 0.9281, EURUSD at 1.3698, and USDJPY at 103.26. In contrast, most EM Asia currencies are modestly stronger against the dollar led by 0.4% gains in the MYR and INR to 3.2702 and 59.875 respectively. USDKRW fell to 1052.0 at the open where we suspect it was met by intervention.
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Credit Suisse