Post Asian hours last Fri saw a flurry of FX moves. Broad
USD weakness was seen while AUD and NZD crossed the 0.76 and 0.72 handle
respectively. In an environment of USD weakness, USDCNH was last seen
around 6.6310. We caution a high degree of complacency at this point amid
near record high equity indices and see potential for correction for CAD,
AUD, KRW, TWD, IDR and THB.