AUD plunged 1.8% to 0.767 after the RBA delivered its first rate cut following an 18-month pause. This dragged NZDUSD 1% lower to 0.721, and pushed AUDNZD to 1.06 from 1.07 earlier. EURUSD and USDJPY also fell, the former to 1.133, and the latter to 117.12. EURCHF was steady at 1.051. Most EM Asia currencies maintained gains, with IDR and KRW up 0.4%, while INR and THB up 0.2%. The PBoC lowered the USDCNY fix by 16pips to 6.1369, driving both USDCNY and USDCNH marginally lower.
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