AUDUSD rallied to 0.9276 in response to a better-than-expected capex survey. EURUSD traded to a low of 1.3589 before recovering to 1.3607 while USDJPY dipped to 101.69. EM Asia FX is mixed with the KRW, SGD, and TWD all slightly stronger, but the PHP and THB weaker. USDINR is down very slightly in early trading at 58.88. USDCNY fixed 11pips higher to 6.1705, but spot and USDCNY came off.
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Credit Suisse