1 month USD/KRW finished the Wednesday US session at 1367.6. This was a won gain of 0.30%, outperforming a slight rise in the DXY and a close to unchanged BBDXY index. Note spot won finished up just under 1373 yesterday.
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Aussie and NOK were the best performers in the G10 on Monday. AUDUSD rose 0.2% to 0.6624 supported by stronger equities and probably also today’s RBA meeting. While it is widely expected to keep rates unchanged, it is likely to acknowledge that disinflation has slowed. The USD index was flat.
USD/CNH found selling interest above 7.2200 on Monday's session, while dips post the Asia close to 7.2000 were supported. We track near 7.2140 in early Tuesday dealing, having lost 0.30% in Monday trade. USD/CNY finished up near 7.2100, well off recent highs above 7.2400. A gain in CNY terms of 0.45%.