USDCNH recovered some of its losses amid......>

FOREX: USDCNH recovered some of its losses amid broad-based dollar strength

following negative Italian budget headlines. However, the pair still trades

roughly flat on the day at 0.8744. 

- The drop in EURUSD has seen EURCNH break back below Tuesday's low to shift the

focus to the key breakout area around 8.0. 

- EURKRW has had a very weak day with the pair dropping 1% to trade at

three-week lows. The pair has shown little sigh of breaking to the upside, which

provides some caution over the sustainability of the bullish break in EURCNH. 

- USDTWD remains at its daily low as it continues to shrug off dollar strength

and diverges from the CNH, providing a potentially bullish signal for Asian FX

as a whole.