The Global Macro Pulse

Ahead of US payrolls G10 dollar-pairs are flat with EURUSD at 1.2382, USDJPY trading 119.92, and AUDUSD at 0.8385. USD-Asia is slightly lower with the notable exception of the MYR. The PHP has outperformed, rising 0.4% against the USD to 44.48, followed by the KRW which is up 0.3% to 1112.8. The MYR has dropped 0.4% to 3.4602. USDCNY fixed 38 pips lower to 6.1373, but CNY and CNH spot are flat. FX vol is generally lower.

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