The Global Macro Pulse

A generally better set of China macro data failed to boost AUD as it dipped towards 0.817. The EUR continued its downtrend since late NY trading, extending losses to 1.158. USDMYR pushed to a high of 3.599 but has since retraced to 3.593. The PBoC kept the fix largely steady at 6.1226, and USDCNY spot and USDCNH eased off yesterday’s highs to trade around 6.21-6.22 levels. Most other EM Asian FX fell, led by a 0.7% fall in KRW. INR and IDR have also weakened marginally.

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