The Global Macro Pulse

G10 FX was mixed, with AUD rising to 0.938 on improvement in NAB business survey, while CAD continued to weaken by another 0.2%. NZD fell to a low of 0.874 but quickly recovered to 0.877. Similarly, USDJPY dipped initially but found support around 101.70. EUR was largely unchanged at 1.360.MYR was the outperformer in EM Asia FX as USDMYR headed to a year low of 3.179. INR and IDR also gained, albeit by only 0.2% and 0.1% respectively ahead of major events this week in both countries. The KRW on the other hand weakened slightly to 1011.5. The PBoC lowered USDCNY fix by 32pips to 6.1626 today.

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