USD stabilized against majors. EUR traded just above 1.36, while USDJPY again found support around 101.30. AUD and NZD were largely unchanged. On the other hand, EM Asia currencies fell, led by a 0.5% decline in the KRW and 0.4% fall in IDR. USDMYR also climbed 0.3% to 3.188 after the less hawkish than expected Malaysia central bank statement yesterday. The PBoC rased the USDCNY fix by 26pips to 6.1469 and both USDCNY spot and USDCNH bounced off lows post the US-China Strategic Dialogue.
Read the full report: Market Research