From the FXWW Chatroom: USD selling bias clear – Sold 1 bio USD vs EUR/AUD/JPY overnight, both RM and HF active.
* Buyers of front end USD downside vs AUD & EUR, as well USDAsia downside carry trades further out the curve.
* EM was quieter but the USD selling theme held, net better sellers against KRW/THB/CNH. Seems driven by the Politico report stating that Treasury Secretary Mnuchin favors Jerome Powell as next Fed chair. UBS KN
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