The Global Macro Pulse

In G10 FX, AUDUSD has been the main mover, falling 1% to 0.9285 in response to weaker than expected inflation. EURUSD and USDJPY are little changed at 1.3818 and 102.55. Profit taking in the EM Asia high yielders continued, pushing USDIDR up to 11,651 and USDINR up to 61.0363. Most other EM Asia dollar-pairs are slightly higher with USDKRW at 1039.75 and USDMYR up to 3.2698. China fixed USDCNY 11pips lower to 6.1599, however, USDCNY pushed up to 6.242 and USDCNH is at 6.2440.

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