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Broad Based Losses, As USD/CNH Pushes Towards 7.2300

ASIA FX

USD/Asia pairs are seeing broad based gains. Outside of the move towards 7.2300 in USD/CNH, spot USD/KRW is back to 1314/15, fresh highs back to early July. USD/TWD is now at 31.75/76, fresh highs back to Nov last year. USD/SGD is 1.3440/45, back close to month to date highs.

  • USD/MYR is around 4.5760, while USD/PHP sits slightly below session highs, back near 56.30 earlier highs were near 56.38). USD/THB is up to 34.95.
  • Broader USD gains are evident against the majors, with the BBDXY up 0.30%. Equity sentiment is weaker in parts of the region, with HK markets the weakest. US equity futures are also lower (Eminis last -0.18%).

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