The USD weakened across the board. NZD rallied 0.6% to 0.75 following a strong NZ retail sales report, driving AUDNZD to a new low of 1.375. EUR has recovered towards 1.142, while USDJPY inched lower to 118.4. NOK and SEK have both rallied 0.3% against the USD. Amongst EM Asia FX, USDMYR gapped below 3.56 on the open, but has since pared gains to 3.569. IDR has appreciated 0.4% to 12747, but KRW fell almost 0.5%, and CNH also edged lower. The PBoC fixed USDCNY at 6.1273, down 15 pips from Friday’s level.
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