The USD regained ground in Asia trading. AUD shrugged off better China PMI, extending losses to 0.876. NZD fell sharply by 1.1% to 0.785 as weaker 3Q CPI shifted expectation for further RBNZ’s hikes into 2H 2015. AUDNZD rebounded to 1.115, a two-week high. Elsewhere, USDJPY edged higher to 107.34, while EUR was steady at 1.264. In EM Asia, KRW and MYR weakened modestly by 0.4%, and IDR fell 0.2% to 12040. The PBoC fixed USDCNY 22pips higher to 6.1459.
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