The dollar is little changed against the major currencies. AUDUSD pushed back up to 0.9398, close to its Friday highs while EURUSD and USDJPY are essentially flat at 1.3604 and 101.47 respectively. EM Asia currencies traded in similarly tight ranges in most cases, with the MYR outperforming and the IDR underperforming. USDMYR dipped to 3.1763 while USDIDR rose to 11,628. USDKRW is flat at 1018.72. The USDCNY fix rose 16pips to 6.1485, slightly weaker than our model estimate.
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