The USD started the week on a stronger footing as the US 10y yield opened 1.6bps higher to 2.656%. EURUSD dipped in early trading before stabilizing near 1.358. USDJPY tested post NFP high of 102.2 while NZD weakened 0.2% to 0.872. Most EM Asia FX were flat to marginally lower with the exception of the IDR, which rallied 1% to 11756 on optimism into the presidential election. The PBoC fixed USDCNY 16pips higher to 6.1658 but both USDCNY spot and USDCNH have come down marginally.
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